This property looks like a bad Long-Term investment with a projected -10.85% first-year return on $77,763 initial cash invested.
-10.85%
Cash On Cash
4.91%
Cap Rate
0.72
DSCR
$2,539
Rent
-$703
Cashflow
Cash Flow
$2,539 income − $3,242 expenses = $703 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,763
Downpayment
20%
$74,060
Closing costs
1%
$3,703
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,539
Total Expenses
$3,242
Mortgage P&I
82%
$2,091
Property Taxes
14%
$360
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0