This property looks like a bad Long-Term investment with a projected -6.55% first-year return on $76,713 initial cash invested.
-6.55%
Cash On Cash
5.17%
Cap Rate
0.85
DSCR
$2,946
Rent
-$419
Cashflow
Cash Flow
$2,946 income − $3,365 expenses = $419 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,713
Downpayment
20%
$73,060
Closing costs
1%
$3,653
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,946
Total Expenses
$3,365
Mortgage P&I
63%
$1,847
Property Taxes
21%
$622
Home Insurance
4%
$130
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0