This property looks like a bad Long-Term investment with a projected -8.16% first-year return on $77,763 initial cash invested.
-8.16%
Cash On Cash
5.38%
Cap Rate
0.8
DSCR
$2,333
Rent
-$529
Cashflow
Cash Flow
$2,333 income − $2,862 expenses = $529 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,333
Total Expenses
$2,862
Mortgage P&I
89%
$2,073
Property Taxes
2%
$52
Home Insurance
6%
$130
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0