This property looks like a bad Long-Term investment with a projected -14.96% first-year return on $77,322 initial cash invested.
-14.96%
Cash On Cash
3.79%
Cap Rate
0.57
DSCR
$2,053
Rent
-$964
Cashflow
Cash Flow
$2,053 income − $3,017 expenses = $964 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,322
Downpayment
20%
$73,640
Closing costs
1%
$3,682
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,053
Total Expenses
$3,017
Mortgage P&I
99%
$2,023
Property Taxes
16%
$329
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0