This property looks like a bad Long-Term investment with a projected -8.59% first-year return on $78,120 initial cash invested.
-8.59%
Cash On Cash
4.72%
Cap Rate
0.77
DSCR
$2,493
Rent
-$559
Cashflow
Cash Flow
$2,493 income − $3,052 expenses = $559 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,120
Downpayment
20%
$74,400
Closing costs
1%
$3,720
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,493
Total Expenses
$3,052
Mortgage P&I
76%
$1,898
Property Taxes
15%
$372
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0