This property looks like a bad Long-Term investment with a projected -8.98% first-year return on $77,280 initial cash invested.
-8.98%
Cash On Cash
5.31%
Cap Rate
0.79
DSCR
$2,987
Rent
-$578
Cashflow
Cash Flow
$2,987 income − $3,565 expenses = $578 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,280
Downpayment
20%
$73,600
Closing costs
1%
$3,680
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,987
Total Expenses
$3,565
Mortgage P&I
69%
$2,058
Property Taxes
20%
$602
Home Insurance
4%
$129
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0