This property looks like a bad Long-Term investment with a projected -5.59% first-year return on $77,700 initial cash invested.
-5.59%
Cash On Cash
5.98%
Cap Rate
0.89
DSCR
$2,900
Rent
-$362
Cashflow
Cash Flow
$2,900 income − $3,262 expenses = $362 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,900
Total Expenses
$3,262
Mortgage P&I
71%
$2,061
Property Taxes
11%
$317
Home Insurance
4%
$130
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0