This property looks like a bad Long-Term investment with a projected -18.07% first-year return on $77,910 initial cash invested.
-18.07%
Cash On Cash
2.65%
Cap Rate
0.42
DSCR
$1,329
Rent
-$1,173
Cashflow
Cash Flow
$1,329 income − $2,502 expenses = $1,173 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,910
Downpayment
20%
$74,200
Closing costs
1%
$3,710
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,329
Total Expenses
$2,502
Mortgage P&I
145%
$1,925
Property Taxes
8%
$102
Home Insurance
10%
$130
HOA
0%
$0
Property Management
10%
$133
CapEx
5%
$66
Vacancy
6%
$80
Maintenance
5%
$66
Other
0%
$0