This property looks like a bad Long-Term investment with a projected -12.88% first-year return on $77,616 initial cash invested.
-12.88%
Cash On Cash
4.15%
Cap Rate
0.64
DSCR
$2,216
Rent
-$833
Cashflow
Cash Flow
$2,216 income − $3,049 expenses = $833 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,616
Downpayment
20%
$73,920
Closing costs
1%
$3,696
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,216
Total Expenses
$3,049
Mortgage P&I
90%
$2,000
Property Taxes
15%
$342
Home Insurance
6%
$130
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0