This property looks like a bad Long-Term investment with a projected -3.52% first-year return on $77,028 initial cash invested.
-3.52%
Cash On Cash
6.12%
Cap Rate
0.95
DSCR
$2,670
Rent
-$226
Cashflow
Cash Flow
$2,670 income − $2,896 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,028
Downpayment
20%
$73,360
Closing costs
1%
$3,668
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,670
Total Expenses
$2,896
Mortgage P&I
74%
$1,964
Property Taxes
4%
$101
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0