This property looks like a bad Long-Term investment with a projected -8.11% first-year return on $77,658 initial cash invested.
-8.11%
Cash On Cash
4.81%
Cap Rate
0.79
DSCR
$2,573
Rent
-$525
Cashflow
Cash Flow
$2,573 income − $3,098 expenses = $525 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,658
Downpayment
20%
$73,960
Closing costs
1%
$3,698
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,573
Total Expenses
$3,098
Mortgage P&I
73%
$1,878
Property Taxes
16%
$418
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$129
Vacancy
6%
$154
Maintenance
5%
$129
Other
0%
$0