This property looks like a bad Long-Term investment with a projected -8.83% first-year return on $78,687 initial cash invested.
-8.83%
Cash On Cash
5.12%
Cap Rate
0.78
DSCR
$2,678
Rent
-$579
Cashflow
Cash Flow
$2,678 income − $3,257 expenses = $579 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,687
Downpayment
20%
$74,940
Closing costs
1%
$3,747
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,678
Total Expenses
$3,257
Mortgage P&I
76%
$2,044
Property Taxes
14%
$385
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0