This property looks like a bad Long-Term investment with a projected -14.4% first-year return on $78,918 initial cash invested.
-14.4%
Cash On Cash
3.83%
Cap Rate
0.58
DSCR
$1,810
Rent
-$947
Cashflow
Cash Flow
$1,810 income − $2,757 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,918
Downpayment
20%
$75,160
Closing costs
1%
$3,758
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,810
Total Expenses
$2,757
Mortgage P&I
114%
$2,055
Property Taxes
5%
$97
Home Insurance
7%
$135
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0