This property looks like a bad Long-Term investment with a projected -13.21% first-year return on $78,750 initial cash invested.
-13.21%
Cash On Cash
4.2%
Cap Rate
0.63
DSCR
$2,214
Rent
-$867
Cashflow
Cash Flow
$2,214 income − $3,081 expenses = $867 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,750
Downpayment
20%
$75,000
Closing costs
1%
$3,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,214
Total Expenses
$3,081
Mortgage P&I
93%
$2,067
Property Taxes
14%
$303
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0