This property looks like a bad Long-Term investment with a projected -10% first-year return on $77,049 initial cash invested.
-10%
Cash On Cash
4.86%
Cap Rate
0.74
DSCR
$2,266
Rent
-$642
Cashflow
Cash Flow
$2,266 income − $2,908 expenses = $642 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,049
Downpayment
20%
$73,380
Closing costs
1%
$3,669
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,266
Total Expenses
$2,908
Mortgage P&I
89%
$2,016
Property Taxes
8%
$172
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0