This property looks like a bad Long-Term investment with a projected -14.18% first-year return on $78,267 initial cash invested.
-14.18%
Cash On Cash
3.67%
Cap Rate
0.58
DSCR
$1,800
Rent
-$925
Cashflow
Cash Flow
$1,800 income − $2,725 expenses = $925 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,267
Downpayment
20%
$74,540
Closing costs
1%
$3,727
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,800
Total Expenses
$2,725
Mortgage P&I
110%
$1,976
Property Taxes
8%
$145
Home Insurance
8%
$136
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0