This property looks like a bad Long-Term investment with a projected -8.96% first-year return on $78,771 initial cash invested.
-8.96%
Cash On Cash
4.56%
Cap Rate
0.75
DSCR
$2,394
Rent
-$588
Cashflow
Cash Flow
$2,394 income − $2,982 expenses = $588 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,771
Downpayment
20%
$75,020
Closing costs
1%
$3,751
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,394
Total Expenses
$2,982
Mortgage P&I
79%
$1,892
Property Taxes
14%
$331
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0