This property looks like a bad Long-Term investment with a projected -13.31% first-year return on $77,700 initial cash invested.
-13.31%
Cash On Cash
4.04%
Cap Rate
0.62
DSCR
$2,155
Rent
-$862
Cashflow
Cash Flow
$2,155 income − $3,017 expenses = $862 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
$2,155
Total Expenses
$3,017
Mortgage P&I
93%
$1,999
Property Taxes
15%
$327
Home Insurance
6%
$130
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0