This property looks like a bad Long-Term investment with a projected -12.59% first-year return on $77,133 initial cash invested.
-12.59%
Cash On Cash
4.26%
Cap Rate
0.65
DSCR
$2,008
Rent
-$809
Cashflow
Cash Flow
$2,008 income − $2,817 expenses = $809 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,133
Downpayment
20%
$73,460
Closing costs
1%
$3,673
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,008
Total Expenses
$2,817
Mortgage P&I
100%
$2,012
Property Taxes
6%
$119
Home Insurance
6%
$121
HOA
2%
$44
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0