This property looks like a bad Long-Term investment with a projected -8.78% first-year return on $78,309 initial cash invested.
-8.78%
Cash On Cash
5.26%
Cap Rate
0.8
DSCR
$3,245
Rent
-$573
Cashflow
Cash Flow
$3,245 income − $3,818 expenses = $573 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,309
Downpayment
20%
$74,580
Closing costs
1%
$3,729
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,245
Total Expenses
$3,818
Mortgage P&I
63%
$2,044
Property Taxes
25%
$796
Home Insurance
4%
$135
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0