This property looks like a bad Long-Term investment with a projected -13.44% first-year return on $77,784 initial cash invested.
-13.44%
Cash On Cash
3.67%
Cap Rate
0.59
DSCR
$1,920
Rent
-$871
Cashflow
Cash Flow
$1,920 income − $2,791 expenses = $871 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,784
Downpayment
20%
$74,080
Closing costs
1%
$3,704
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,920
Total Expenses
$2,791
Mortgage P&I
99%
$1,909
Property Taxes
13%
$250
Home Insurance
7%
$133
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0