This property looks like a bad Long-Term investment with a projected -8.57% first-year return on $78,267 initial cash invested.
-8.57%
Cash On Cash
5.09%
Cap Rate
0.78
DSCR
$2,410
Rent
-$559
Cashflow
Cash Flow
$2,410 income − $2,969 expenses = $559 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,267
Downpayment
20%
$74,540
Closing costs
1%
$3,727
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,410
Total Expenses
$2,969
Mortgage P&I
84%
$2,019
Property Taxes
8%
$191
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$145
Maintenance
5%
$120
Other
0%
$0