This property looks like a bad Long-Term investment with a projected -13.91% first-year return on $78,687 initial cash invested.
-13.91%
Cash On Cash
3.88%
Cap Rate
0.6
DSCR
$2,170
Rent
-$912
Cashflow
Cash Flow
$2,170 income − $3,082 expenses = $912 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,687
Downpayment
20%
$74,940
Closing costs
1%
$3,747
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,170
Total Expenses
$3,082
Mortgage P&I
93%
$2,016
Property Taxes
11%
$238
Home Insurance
6%
$122
HOA
7%
$143
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0