This property looks like a bad Long-Term investment with a projected -9.62% first-year return on $78,729 initial cash invested.
-9.62%
Cash On Cash
4.89%
Cap Rate
0.75
DSCR
$2,253
Rent
-$631
Cashflow
Cash Flow
$2,253 income − $2,884 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,253
Total Expenses
$2,884
Mortgage P&I
91%
$2,046
Property Taxes
6%
$130
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0