This property looks like a bad Long-Term investment with a projected -8.04% first-year return on $77,889 initial cash invested.
-8.04%
Cash On Cash
5.33%
Cap Rate
0.81
DSCR
$2,608
Rent
-$522
Cashflow
Cash Flow
$2,608 income − $3,130 expenses = $522 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,889
Downpayment
20%
$74,180
Closing costs
1%
$3,709
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,608
Total Expenses
$3,130
Mortgage P&I
78%
$2,040
Property Taxes
11%
$291
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0