This property looks like a bad Long-Term investment with a projected -9.86% first-year return on $77,994 initial cash invested.
-9.86%
Cash On Cash
4.72%
Cap Rate
0.73
DSCR
$2,203
Rent
-$641
Cashflow
Cash Flow
$2,203 income − $2,844 expenses = $641 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,994
Downpayment
20%
$74,280
Closing costs
1%
$3,714
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,203
Total Expenses
$2,844
Mortgage P&I
90%
$1,992
Property Taxes
6%
$142
Home Insurance
6%
$131
HOA
0%
$7
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0