This property looks like a bad Long-Term investment with a projected -11.26% first-year return on $76,335 initial cash invested.
-11.26%
Cash On Cash
4.63%
Cap Rate
0.7
DSCR
$2,311
Rent
-$716
Cashflow
Cash Flow
$2,311 income − $3,027 expenses = $716 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,335
Downpayment
20%
$72,700
Closing costs
1%
$3,635
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,311
Total Expenses
$3,027
Mortgage P&I
87%
$2,003
Property Taxes
13%
$289
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0