This property looks like a bad Long-Term investment with a projected -17.13% first-year return on $77,679 initial cash invested.
-17.13%
Cash On Cash
3.24%
Cap Rate
0.5
DSCR
$1,887
Rent
-$1,109
Cashflow
Cash Flow
$1,887 income − $2,996 expenses = $1,109 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,679
Downpayment
20%
$73,980
Closing costs
1%
$3,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,887
Total Expenses
$2,996
Mortgage P&I
107%
$2,014
Property Taxes
19%
$362
Home Insurance
7%
$130
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0