This property looks like a bad Long-Term investment with a projected -12.84% first-year return on $77,742 initial cash invested.
-12.84%
Cash On Cash
4.16%
Cap Rate
0.64
DSCR
$1,968
Rent
-$832
Cashflow
Cash Flow
$1,968 income − $2,800 expenses = $832 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,742
Downpayment
20%
$74,040
Closing costs
1%
$3,702
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,968
Total Expenses
$2,800
Mortgage P&I
102%
$2,016
Property Taxes
7%
$142
Home Insurance
7%
$131
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0