This property looks like a bad Long-Term investment with a projected -12.11% first-year return on $77,973 initial cash invested.
-12.11%
Cash On Cash
4.63%
Cap Rate
0.69
DSCR
$2,889
Rent
-$787
Cashflow
Cash Flow
$2,889 income − $3,676 expenses = $787 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,973
Downpayment
20%
$74,260
Closing costs
1%
$3,713
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,889
Total Expenses
$3,676
Mortgage P&I
72%
$2,077
Property Taxes
24%
$699
Home Insurance
5%
$131
HOA
1%
$19
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0