This property looks like a bad Long-Term investment with a projected -11.04% first-year return on $77,700 initial cash invested.
-11.04%
Cash On Cash
4.53%
Cap Rate
0.71
DSCR
$2,648
Rent
-$715
Cashflow
Cash Flow
$2,648 income − $3,363 expenses = $715 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,700
Downpayment
20%
$74,000
Closing costs
1%
$3,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,648
Total Expenses
$3,363
Mortgage P&I
75%
$1,980
Property Taxes
22%
$579
Home Insurance
4%
$116
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0