This property looks like a bad Long-Term investment with a projected -13.7% first-year return on $77,931 initial cash invested.
-13.7%
Cash On Cash
3.55%
Cap Rate
0.58
DSCR
$1,977
Rent
-$890
Cashflow
Cash Flow
$1,977 income − $2,867 expenses = $890 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,931
Downpayment
20%
$74,220
Closing costs
1%
$3,711
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,977
Total Expenses
$2,867
Mortgage P&I
96%
$1,889
Property Taxes
9%
$172
Home Insurance
7%
$131
HOA
8%
$160
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0