This property looks like a bad Long-Term investment with a projected -9.62% first-year return on $77,595 initial cash invested.
-9.62%
Cash On Cash
4.57%
Cap Rate
0.74
DSCR
$2,524
Rent
-$622
Cashflow
Cash Flow
$2,524 income − $3,146 expenses = $622 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,595
Downpayment
20%
$73,900
Closing costs
1%
$3,695
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,524
Total Expenses
$3,146
Mortgage P&I
75%
$1,903
Property Taxes
12%
$312
Home Insurance
5%
$131
HOA
6%
$145
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0