This property looks like a bad Long-Term investment with a projected -13.84% first-year return on $77,700 initial cash invested.
-13.84%
Cash On Cash
3.6%
Cap Rate
0.58
DSCR
$2,004
Rent
-$896
Cashflow
Cash Flow
$2,004 income − $2,900 expenses = $896 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,004
Total Expenses
$2,900
Mortgage P&I
95%
$1,907
Property Taxes
17%
$343
Home Insurance
6%
$130
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0