This property looks like a bad Long-Term investment with a projected -15.75% first-year return on $78,393 initial cash invested.
-15.75%
Cash On Cash
3.23%
Cap Rate
0.52
DSCR
$2,240
Rent
-$1,029
Cashflow
Cash Flow
$2,240 income − $3,269 expenses = $1,029 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,393
Downpayment
20%
$74,660
Closing costs
1%
$3,733
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,240
Total Expenses
$3,269
Mortgage P&I
86%
$1,921
Property Taxes
28%
$633
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0