This property looks like a bad Long-Term investment with a projected -12.15% first-year return on $78,351 initial cash invested.
-12.15%
Cash On Cash
4.24%
Cap Rate
0.66
DSCR
$2,292
Rent
-$793
Cashflow
Cash Flow
$2,292 income − $3,085 expenses = $793 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,351
Downpayment
20%
$74,620
Closing costs
1%
$3,731
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,292
Total Expenses
$3,085
Mortgage P&I
87%
$1,997
Property Taxes
16%
$356
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0