This property looks like a bad Long-Term investment with a projected -11.14% first-year return on $78,645 initial cash invested.
-11.14%
Cash On Cash
4.33%
Cap Rate
0.69
DSCR
$2,208
Rent
-$730
Cashflow
Cash Flow
$2,208 income − $2,938 expenses = $730 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,645
Downpayment
20%
$74,900
Closing costs
1%
$3,745
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,208
Total Expenses
$2,938
Mortgage P&I
89%
$1,970
Property Taxes
12%
$264
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0