This property looks like a bad Long-Term investment with a projected -9.22% first-year return on $78,225 initial cash invested.
-9.22%
Cash On Cash
4.96%
Cap Rate
0.76
DSCR
$2,318
Rent
-$601
Cashflow
Cash Flow
$2,318 income − $2,919 expenses = $601 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,225
Downpayment
20%
$74,500
Closing costs
1%
$3,725
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,318
Total Expenses
$2,919
Mortgage P&I
87%
$2,025
Property Taxes
6%
$141
Home Insurance
6%
$136
HOA
1%
$14
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0