This property looks like a bad Long-Term investment with a projected -15.12% first-year return on $76,923 initial cash invested.
-15.12%
Cash On Cash
3.35%
Cap Rate
0.54
DSCR
$1,979
Rent
-$969
Cashflow
Cash Flow
$1,979 income − $2,948 expenses = $969 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,923
Downpayment
20%
$73,260
Closing costs
1%
$3,663
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,979
Total Expenses
$2,948
Mortgage P&I
96%
$1,892
Property Taxes
21%
$412
Home Insurance
7%
$129
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0