This property looks like a bad Long-Term investment with a projected -5.64% first-year return on $77,679 initial cash invested.
-5.64%
Cash On Cash
5.47%
Cap Rate
0.88
DSCR
$2,791
Rent
-$365
Cashflow
Cash Flow
$2,791 income − $3,156 expenses = $365 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,679
Downpayment
20%
$73,980
Closing costs
1%
$3,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,791
Total Expenses
$3,156
Mortgage P&I
68%
$1,911
Property Taxes
14%
$389
Home Insurance
5%
$130
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$140
Vacancy
6%
$167
Maintenance
5%
$140
Other
0%
$0