This property looks like a bad Long-Term investment with a projected -12.85% first-year return on $77,700 initial cash invested.
-12.85%
Cash On Cash
4.02%
Cap Rate
0.63
DSCR
$2,247
Rent
-$832
Cashflow
Cash Flow
$2,247 income − $3,079 expenses = $832 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,247
Total Expenses
$3,079
Mortgage P&I
87%
$1,960
Property Taxes
7%
$155
Home Insurance
6%
$130
HOA
11%
$250
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0