This property looks like a bad Long-Term investment with a projected -5.73% first-year return on $78,141 initial cash invested.
-5.73%
Cash On Cash
5.8%
Cap Rate
0.89
DSCR
$2,827
Rent
-$373
Cashflow
Cash Flow
$2,827 income − $3,200 expenses = $373 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,141
Downpayment
20%
$74,420
Closing costs
1%
$3,721
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,827
Total Expenses
$3,200
Mortgage P&I
72%
$2,031
Property Taxes
11%
$306
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0