This property looks like a bad Long-Term investment with a projected -7.27% first-year return on $77,280 initial cash invested.
-7.27%
Cash On Cash
4.94%
Cap Rate
0.81
DSCR
$2,289
Rent
-$468
Cashflow
Cash Flow
$2,289 income − $2,757 expenses = $468 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,280
Downpayment
20%
$73,600
Closing costs
1%
$3,680
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,289
Total Expenses
$2,757
Mortgage P&I
82%
$1,868
Property Taxes
7%
$164
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0