This property looks like a bad Long-Term investment with a projected -13.54% first-year return on $77,931 initial cash invested.
-13.54%
Cash On Cash
4.03%
Cap Rate
0.62
DSCR
$2,013
Rent
-$879
Cashflow
Cash Flow
$2,013 income − $2,892 expenses = $879 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,931
Downpayment
20%
$74,220
Closing costs
1%
$3,711
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,013
Total Expenses
$2,892
Mortgage P&I
100%
$2,023
Property Taxes
11%
$214
Home Insurance
7%
$131
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0