This property looks like a bad Long-Term investment with a projected -17.28% first-year return on $77,700 initial cash invested.
-17.28%
Cash On Cash
3.33%
Cap Rate
0.5
DSCR
$2,067
Rent
-$1,119
Cashflow
Cash Flow
$2,067 income − $3,186 expenses = $1,119 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,700
Downpayment
20%
$74,000
Closing costs
1%
$3,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,067
Total Expenses
$3,186
Mortgage P&I
99%
$2,044
Property Taxes
23%
$475
Home Insurance
6%
$130
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0