This property looks like a bad Long-Term investment with a projected -15.87% first-year return on $77,868 initial cash invested.
-15.87%
Cash On Cash
3.53%
Cap Rate
0.54
DSCR
$1,809
Rent
-$1,030
Cashflow
Cash Flow
$1,809 income − $2,839 expenses = $1,030 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,868
Downpayment
20%
$74,160
Closing costs
1%
$3,708
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,809
Total Expenses
$2,839
Mortgage P&I
112%
$2,031
Property Taxes
11%
$205
Home Insurance
7%
$133
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0