This property looks like a bad Long-Term investment with a projected -13.19% first-year return on $77,700 initial cash invested.
-13.19%
Cash On Cash
4.18%
Cap Rate
0.64
DSCR
$2,321
Rent
-$854
Cashflow
Cash Flow
$2,321 income − $3,175 expenses = $854 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,321
Total Expenses
$3,175
Mortgage P&I
87%
$2,027
Property Taxes
18%
$415
Home Insurance
6%
$130
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0