This property looks like a bad Long-Term investment with a projected -15.78% first-year return on $78,309 initial cash invested.
-15.78%
Cash On Cash
3.44%
Cap Rate
0.53
DSCR
$1,980
Rent
-$1,030
Cashflow
Cash Flow
$1,980 income − $3,010 expenses = $1,030 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,980
Total Expenses
$3,010
Mortgage P&I
101%
$2,001
Property Taxes
18%
$349
Home Insurance
7%
$145
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0