This property looks like a bad Long-Term investment with a projected -8.52% first-year return on $77,595 initial cash invested.
-8.52%
Cash On Cash
5.02%
Cap Rate
0.78
DSCR
$2,313
Rent
-$551
Cashflow
Cash Flow
$2,313 income − $2,864 expenses = $551 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,595
Downpayment
20%
$73,900
Closing costs
1%
$3,695
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,313
Total Expenses
$2,864
Mortgage P&I
86%
$1,982
Property Taxes
7%
$151
Home Insurance
6%
$129
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0