This property looks like a bad Long-Term investment with a projected -5.98% first-year return on $78,309 initial cash invested.
-5.98%
Cash On Cash
5.93%
Cap Rate
0.89
DSCR
$3,270
Rent
-$390
Cashflow
Cash Flow
$3,270 income − $3,660 expenses = $390 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,309
Downpayment
20%
$74,580
Closing costs
1%
$3,729
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,270
Total Expenses
$3,660
Mortgage P&I
63%
$2,069
Property Taxes
18%
$586
Home Insurance
5%
$154
HOA
0%
$0
Property Management
10%
$327
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0