This property looks like a bad Long-Term investment with a projected -14.85% first-year return on $77,889 initial cash invested.
-14.85%
Cash On Cash
3.77%
Cap Rate
0.57
DSCR
$2,015
Rent
-$964
Cashflow
Cash Flow
$2,015 income − $2,979 expenses = $964 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,889
Downpayment
20%
$74,180
Closing costs
1%
$3,709
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,015
Total Expenses
$2,979
Mortgage P&I
101%
$2,029
Property Taxes
15%
$303
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0