This property looks like a bad Long-Term investment with a projected -18.58% first-year return on $78,351 initial cash invested.
-18.58%
Cash On Cash
3.16%
Cap Rate
0.47
DSCR
$2,131
Rent
-$1,213
Cashflow
Cash Flow
$2,131 income − $3,344 expenses = $1,213 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,351
Downpayment
20%
$74,620
Closing costs
1%
$3,731
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,131
Total Expenses
$3,344
Mortgage P&I
98%
$2,087
Property Taxes
26%
$560
Home Insurance
6%
$133
HOA
0%
$9
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0