This property looks like a bad Long-Term investment with a projected -21.2% first-year return on $77,028 initial cash invested.
-21.2%
Cash On Cash
2.28%
Cap Rate
0.36
DSCR
$1,991
Rent
-$1,361
Cashflow
Cash Flow
$1,991 income − $3,352 expenses = $1,361 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,028
Downpayment
20%
$73,360
Closing costs
1%
$3,668
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,991
Total Expenses
$3,352
Mortgage P&I
98%
$1,957
Property Taxes
36%
$721
Home Insurance
7%
$131
HOA
1%
$25
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0