This property looks like a bad Long-Term investment with a projected -14.25% first-year return on $77,700 initial cash invested.
-14.25%
Cash On Cash
3.82%
Cap Rate
0.59
DSCR
$1,860
Rent
-$923
Cashflow
Cash Flow
$1,860 income − $2,783 expenses = $923 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,860
Total Expenses
$2,783
Mortgage P&I
108%
$2,007
Property Taxes
9%
$162
Home Insurance
7%
$130
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0