This property looks like a bad Long-Term investment with a projected -10.39% first-year return on $75,852 initial cash invested.
-10.39%
Cash On Cash
4.37%
Cap Rate
0.7
DSCR
$2,098
Rent
-$657
Cashflow
Cash Flow
$2,098 income − $2,755 expenses = $657 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,852
Downpayment
20%
$72,240
Closing costs
1%
$3,612
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,098
Total Expenses
$2,755
Mortgage P&I
89%
$1,868
Property Taxes
10%
$210
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0