This property looks like a bad Long-Term investment with a projected -12.9% first-year return on $77,700 initial cash invested.
-12.9%
Cash On Cash
3.85%
Cap Rate
0.61
DSCR
$1,837
Rent
-$835
Cashflow
Cash Flow
$1,837 income − $2,672 expenses = $835 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,700
Downpayment
20%
$74,000
Closing costs
1%
$3,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,837
Total Expenses
$2,672
Mortgage P&I
105%
$1,929
Property Taxes
7%
$135
Home Insurance
7%
$130
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0