This property looks like a bad Long-Term investment with a projected -10.86% first-year return on $77,700 initial cash invested.
-10.86%
Cash On Cash
4.85%
Cap Rate
0.73
DSCR
$2,948
Rent
-$703
Cashflow
Cash Flow
$2,948 income − $3,651 expenses = $703 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,700
Downpayment
20%
$74,000
Closing costs
1%
$3,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,948
Total Expenses
$3,651
Mortgage P&I
70%
$2,052
Property Taxes
24%
$703
Home Insurance
4%
$130
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0