This property looks like a bad Long-Term investment with a projected -13.35% first-year return on $78,225 initial cash invested.
-13.35%
Cash On Cash
4.13%
Cap Rate
0.62
DSCR
$1,968
Rent
-$870
Cashflow
Cash Flow
$1,968 income − $2,838 expenses = $870 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,968
Total Expenses
$2,838
Mortgage P&I
104%
$2,054
Property Taxes
7%
$143
Home Insurance
7%
$130
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0