This property looks like a bad Long-Term investment with a projected -16.61% first-year return on $76,860 initial cash invested.
-16.61%
Cash On Cash
3.63%
Cap Rate
0.53
DSCR
$2,021
Rent
-$1,064
Cashflow
Cash Flow
$2,021 income − $3,085 expenses = $1,064 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,860
Downpayment
20%
$73,200
Closing costs
1%
$3,660
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,021
Total Expenses
$3,085
Mortgage P&I
102%
$2,070
Property Taxes
8%
$162
Home Insurance
6%
$128
HOA
10%
$200
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0