This property looks like a bad Long-Term investment with a projected -22.11% first-year return on $77,553 initial cash invested.
-22.11%
Cash On Cash
2.39%
Cap Rate
0.35
DSCR
$1,887
Rent
-$1,429
Cashflow
Cash Flow
$1,887 income − $3,316 expenses = $1,429 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,553
Downpayment
20%
$73,860
Closing costs
1%
$3,693
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,887
Total Expenses
$3,316
Mortgage P&I
110%
$2,069
Property Taxes
33%
$626
Home Insurance
7%
$131
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0