This property looks like a bad Long-Term investment with a projected -16.41% first-year return on $77,385 initial cash invested.
-16.41%
Cash On Cash
3.18%
Cap Rate
0.5
DSCR
$1,629
Rent
-$1,058
Cashflow
Cash Flow
$1,629 income − $2,687 expenses = $1,058 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,385
Downpayment
20%
$73,700
Closing costs
1%
$3,685
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,629
Total Expenses
$2,687
Mortgage P&I
120%
$1,952
Property Taxes
10%
$168
Home Insurance
8%
$136
HOA
0%
$8
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0