This property looks like a bad Long-Term investment with a projected -9.15% first-year return on $77,490 initial cash invested.
-9.15%
Cash On Cash
5.12%
Cap Rate
0.77
DSCR
$2,506
Rent
-$591
Cashflow
Cash Flow
$2,506 income − $3,097 expenses = $591 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,490
Downpayment
20%
$73,800
Closing costs
1%
$3,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,506
Total Expenses
$3,097
Mortgage P&I
81%
$2,041
Property Taxes
11%
$276
Home Insurance
5%
$129
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0