This property looks like a bad Long-Term investment with a projected -10.67% first-year return on $78,750 initial cash invested.
-10.67%
Cash On Cash
4.66%
Cap Rate
0.71
DSCR
$2,196
Rent
-$700
Cashflow
Cash Flow
$2,196 income − $2,896 expenses = $700 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,750
Downpayment
20%
$75,000
Closing costs
1%
$3,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,196
Total Expenses
$2,896
Mortgage P&I
93%
$2,047
Property Taxes
7%
$146
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0