This property looks like a bad Long-Term investment with a projected -11.75% first-year return on $78,750 initial cash invested.
-11.75%
Cash On Cash
4.55%
Cap Rate
0.68
DSCR
$2,306
Rent
-$771
Cashflow
Cash Flow
$2,306 income − $3,077 expenses = $771 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,750
Downpayment
20%
$75,000
Closing costs
1%
$3,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,306
Total Expenses
$3,077
Mortgage P&I
90%
$2,078
Property Taxes
11%
$263
Home Insurance
6%
$131
HOA
0%
$6
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0