This property looks like a bad Long-Term investment with a projected -13.17% first-year return on $77,994 initial cash invested.
-13.17%
Cash On Cash
4.26%
Cap Rate
0.64
DSCR
$2,303
Rent
-$856
Cashflow
Cash Flow
$2,303 income − $3,159 expenses = $856 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,994
Downpayment
20%
$74,280
Closing costs
1%
$3,714
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,303
Total Expenses
$3,159
Mortgage P&I
89%
$2,060
Property Taxes
16%
$361
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0