This property looks like a bad Long-Term investment with a projected -19.01% first-year return on $77,698 initial cash invested.
-19.01%
Cash On Cash
2.81%
Cap Rate
0.43
DSCR
$1,280
Rent
-$1,231
Cashflow
Cash Flow
$1,280 income − $2,511 expenses = $1,231 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,698
Downpayment
20%
$73,998
Closing costs
1%
$3,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,280
Total Expenses
$2,511
Mortgage P&I
159%
$2,034
Property Taxes
1%
$14
Home Insurance
10%
$130
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0