This property looks like a bad Long-Term investment with a projected -14.64% first-year return on $78,372 initial cash invested.
-14.64%
Cash On Cash
3.44%
Cap Rate
0.56
DSCR
$2,071
Rent
-$956
Cashflow
Cash Flow
$2,071 income − $3,027 expenses = $956 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,372
Downpayment
20%
$74,640
Closing costs
1%
$3,732
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,071
Total Expenses
$3,027
Mortgage P&I
93%
$1,922
Property Taxes
21%
$430
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0