This property looks like a bad Long-Term investment with a projected -17.4% first-year return on $77,868 initial cash invested.
-17.4%
Cash On Cash
3.36%
Cap Rate
0.5
DSCR
$1,656
Rent
-$1,129
Cashflow
Cash Flow
$1,656 income − $2,785 expenses = $1,129 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,868
Downpayment
20%
$74,160
Closing costs
1%
$3,708
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,656
Total Expenses
$2,785
Mortgage P&I
126%
$2,084
Property Taxes
8%
$135
Home Insurance
8%
$135
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0