This property looks like a bad Long-Term investment with a projected -13.98% first-year return on $75,810 initial cash invested.
-13.98%
Cash On Cash
4.14%
Cap Rate
0.62
DSCR
$2,094
Rent
-$883
Cashflow
Cash Flow
$2,094 income − $2,977 expenses = $883 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,810
Downpayment
20%
$72,200
Closing costs
1%
$3,610
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,094
Total Expenses
$2,977
Mortgage P&I
97%
$2,024
Property Taxes
13%
$278
Home Insurance
6%
$130
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0