This property looks like a bad Long-Term investment with a projected -13.51% first-year return on $75,705 initial cash invested.
-13.51%
Cash On Cash
3.64%
Cap Rate
0.6
DSCR
$2,159
Rent
-$852
Cashflow
Cash Flow
$2,159 income − $3,011 expenses = $852 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,705
Downpayment
20%
$72,100
Closing costs
1%
$3,605
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,159
Total Expenses
$3,011
Mortgage P&I
85%
$1,839
Property Taxes
23%
$491
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0