This property looks like a bad Long-Term investment with a projected -4.98% first-year return on $77,784 initial cash invested.
-4.98%
Cash On Cash
5.55%
Cap Rate
0.89
DSCR
$2,445
Rent
-$323
Cashflow
Cash Flow
$2,445 income − $2,768 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,784
Downpayment
20%
$74,080
Closing costs
1%
$3,704
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,445
Total Expenses
$2,768
Mortgage P&I
78%
$1,913
Property Taxes
4%
$87
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0