This property looks like a bad Long-Term investment with a projected -10.15% first-year return on $75,789 initial cash invested.
-10.15%
Cash On Cash
4.9%
Cap Rate
0.74
DSCR
$2,396
Rent
-$641
Cashflow
Cash Flow
$2,396 income − $3,037 expenses = $641 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,789
Downpayment
20%
$72,180
Closing costs
1%
$3,609
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,396
Total Expenses
$3,037
Mortgage P&I
83%
$1,994
Property Taxes
14%
$331
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0