This property looks like a bad Long-Term investment with a projected -14.91% first-year return on $77,742 initial cash invested.
-14.91%
Cash On Cash
3.7%
Cap Rate
0.57
DSCR
$2,068
Rent
-$966
Cashflow
Cash Flow
$2,068 income − $3,034 expenses = $966 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,742
Downpayment
20%
$74,040
Closing costs
1%
$3,702
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,068
Total Expenses
$3,034
Mortgage P&I
97%
$2,005
Property Taxes
16%
$337
Home Insurance
7%
$140
HOA
1%
$15
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0