This property looks like a bad Long-Term investment with a projected -6.25% first-year return on $78,729 initial cash invested.
-6.25%
Cash On Cash
5.67%
Cap Rate
0.87
DSCR
$3,111
Rent
-$410
Cashflow
Cash Flow
$3,111 income − $3,521 expenses = $410 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,729
Downpayment
20%
$74,980
Closing costs
1%
$3,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,111
Total Expenses
$3,521
Mortgage P&I
65%
$2,026
Property Taxes
18%
$554
Home Insurance
4%
$131
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0