This property looks like a bad Long-Term investment with a projected -11.59% first-year return on $77,448 initial cash invested.
-11.59%
Cash On Cash
4.44%
Cap Rate
0.68
DSCR
$2,133
Rent
-$748
Cashflow
Cash Flow
$2,133 income − $2,881 expenses = $748 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,448
Downpayment
20%
$73,760
Closing costs
1%
$3,688
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,133
Total Expenses
$2,881
Mortgage P&I
94%
$2,007
Property Taxes
9%
$186
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0