This property looks like a bad Long-Term investment with a projected -17.61% first-year return on $77,679 initial cash invested.
-17.61%
Cash On Cash
3.09%
Cap Rate
0.47
DSCR
$1,492
Rent
-$1,140
Cashflow
Cash Flow
$1,492 income − $2,632 expenses = $1,140 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,492
Total Expenses
$2,632
Mortgage P&I
135%
$2,019
Property Taxes
6%
$94
Home Insurance
9%
$130
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0