This property looks like a bad Long-Term investment with a projected -12.52% first-year return on $77,616 initial cash invested.
-12.52%
Cash On Cash
4.2%
Cap Rate
0.66
DSCR
$2,901
Rent
-$810
Cashflow
Cash Flow
$2,901 income − $3,711 expenses = $810 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,616
Downpayment
20%
$73,920
Closing costs
1%
$3,696
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,901
Total Expenses
$3,711
Mortgage P&I
68%
$1,960
Property Taxes
30%
$864
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0