This property looks like a bad Long-Term investment with a projected -9.11% first-year return on $76,020 initial cash invested.
-9.11%
Cash On Cash
4.85%
Cap Rate
0.76
DSCR
$2,240
Rent
-$577
Cashflow
Cash Flow
$2,240 income − $2,817 expenses = $577 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,020
Downpayment
20%
$72,400
Closing costs
1%
$3,620
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,240
Total Expenses
$2,817
Mortgage P&I
86%
$1,927
Property Taxes
8%
$181
Home Insurance
6%
$127
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0