This property looks like a bad Long-Term investment with a projected -13.99% first-year return on $78,750 initial cash invested.
-13.99%
Cash On Cash
4.04%
Cap Rate
0.61
DSCR
$2,314
Rent
-$918
Cashflow
Cash Flow
$2,314 income − $3,232 expenses = $918 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,750
Downpayment
20%
$75,000
Closing costs
1%
$3,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,314
Total Expenses
$3,232
Mortgage P&I
89%
$2,063
Property Taxes
18%
$418
Home Insurance
6%
$131
HOA
1%
$18
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0