This property looks like a bad Long-Term investment with a projected -10.24% first-year return on $78,750 initial cash invested.
-10.24%
Cash On Cash
4.64%
Cap Rate
0.72
DSCR
$2,148
Rent
-$672
Cashflow
Cash Flow
$2,148 income − $2,820 expenses = $672 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,148
Total Expenses
$2,820
Mortgage P&I
94%
$2,016
Property Taxes
5%
$115
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0