This property looks like a bad Long-Term investment with a projected -11.36% first-year return on $78,141 initial cash invested.
-11.36%
Cash On Cash
4.54%
Cap Rate
0.69
DSCR
$2,242
Rent
-$740
Cashflow
Cash Flow
$2,242 income − $2,982 expenses = $740 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,141
Downpayment
20%
$74,420
Closing costs
1%
$3,721
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,242
Total Expenses
$2,982
Mortgage P&I
91%
$2,037
Property Taxes
10%
$230
Home Insurance
6%
$132
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0