This property looks like a bad Long-Term investment with a projected -5.51% first-year return on $77,763 initial cash invested.
-5.51%
Cash On Cash
5.48%
Cap Rate
0.88
DSCR
$2,522
Rent
-$357
Cashflow
Cash Flow
$2,522 income − $2,879 expenses = $357 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,763
Downpayment
20%
$74,060
Closing costs
1%
$3,703
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,522
Total Expenses
$2,879
Mortgage P&I
76%
$1,921
Property Taxes
6%
$139
Home Insurance
5%
$131
HOA
1%
$33
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0