This property looks like a bad Long-Term investment with a projected -9.33% first-year return on $78,309 initial cash invested.
-9.33%
Cash On Cash
4.96%
Cap Rate
0.77
DSCR
$2,759
Rent
-$609
Cashflow
Cash Flow
$2,759 income − $3,368 expenses = $609 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,309
Downpayment
20%
$74,580
Closing costs
1%
$3,729
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,759
Total Expenses
$3,368
Mortgage P&I
73%
$2,012
Property Taxes
18%
$505
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0