This property looks like a bad Long-Term investment with a projected -11.87% first-year return on $76,923 initial cash invested.
-11.87%
Cash On Cash
4.51%
Cap Rate
0.68
DSCR
$2,339
Rent
-$761
Cashflow
Cash Flow
$2,339 income − $3,100 expenses = $761 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,923
Downpayment
20%
$73,260
Closing costs
1%
$3,663
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,339
Total Expenses
$3,100
Mortgage P&I
86%
$2,020
Property Taxes
14%
$324
Home Insurance
6%
$140
HOA
0%
$8
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0