This property looks like a bad Long-Term investment with a projected -6.95% first-year return on $76,650 initial cash invested.
-6.95%
Cash On Cash
5.45%
Cap Rate
0.84
DSCR
$2,678
Rent
-$444
Cashflow
Cash Flow
$2,678 income − $3,122 expenses = $444 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,678
Total Expenses
$3,122
Mortgage P&I
73%
$1,967
Property Taxes
12%
$330
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0