This property looks like a bad Long-Term investment with a projected -9.32% first-year return on $78,120 initial cash invested.
-9.32%
Cash On Cash
4.75%
Cap Rate
0.75
DSCR
$2,272
Rent
-$607
Cashflow
Cash Flow
$2,272 income − $2,879 expenses = $607 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,120
Downpayment
20%
$74,400
Closing costs
1%
$3,720
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,272
Total Expenses
$2,879
Mortgage P&I
86%
$1,964
Property Taxes
8%
$188
Home Insurance
6%
$130
HOA
0%
$6
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0