This property looks like a bad Long-Term investment with a projected -1.98% first-year return on $78,057 initial cash invested.
-1.98%
Cash On Cash
6.24%
Cap Rate
1.02
DSCR
$3,217
Rent
-$129
Cashflow
Cash Flow
$3,217 income − $3,346 expenses = $129 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,057
Downpayment
20%
$74,340
Closing costs
1%
$3,717
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,217
Total Expenses
$3,346
Mortgage P&I
59%
$1,900
Property Taxes
14%
$457
Home Insurance
5%
$152
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0