This property looks like a bad Long-Term investment with a projected -13.24% first-year return on $76,650 initial cash invested.
-13.24%
Cash On Cash
4.19%
Cap Rate
0.64
DSCR
$2,621
Rent
-$846
Cashflow
Cash Flow
$2,621 income − $3,467 expenses = $846 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,621
Total Expenses
$3,467
Mortgage P&I
76%
$1,988
Property Taxes
26%
$670
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0