This property looks like a bad Long-Term investment with a projected -13.11% first-year return on $77,805 initial cash invested.
-13.11%
Cash On Cash
3.59%
Cap Rate
0.59
DSCR
$1,784
Rent
-$850
Cashflow
Cash Flow
$1,784 income − $2,634 expenses = $850 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,805
Downpayment
20%
$74,100
Closing costs
1%
$3,705
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,784
Total Expenses
$2,634
Mortgage P&I
105%
$1,870
Property Taxes
10%
$170
Home Insurance
7%
$131
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0