This property looks like a bad Long-Term investment with a projected -7.7% first-year return on $77,952 initial cash invested.
-7.7%
Cash On Cash
5.27%
Cap Rate
0.82
DSCR
$2,771
Rent
-$500
Cashflow
Cash Flow
$2,771 income − $3,271 expenses = $500 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,952
Downpayment
20%
$74,240
Closing costs
1%
$3,712
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,771
Total Expenses
$3,271
Mortgage P&I
72%
$1,992
Property Taxes
15%
$425
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$139
Vacancy
6%
$166
Maintenance
5%
$139
Other
0%
$0