This property looks like a bad Long-Term investment with a projected -10.56% first-year return on $78,729 initial cash invested.
-10.56%
Cash On Cash
4.64%
Cap Rate
0.71
DSCR
$2,140
Rent
-$693
Cashflow
Cash Flow
$2,140 income − $2,833 expenses = $693 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,729
Downpayment
20%
$74,980
Closing costs
1%
$3,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,140
Total Expenses
$2,833
Mortgage P&I
95%
$2,035
Property Taxes
5%
$111
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0