This property looks like a bad Long-Term investment with a projected -15.14% first-year return on $77,679 initial cash invested.
-15.14%
Cash On Cash
3.93%
Cap Rate
0.59
DSCR
$2,466
Rent
-$980
Cashflow
Cash Flow
$2,466 income − $3,446 expenses = $980 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,679
Downpayment
20%
$73,980
Closing costs
1%
$3,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,466
Total Expenses
$3,446
Mortgage P&I
84%
$2,069
Property Taxes
25%
$606
Home Insurance
5%
$130
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0