This property looks like a bad Long-Term investment with a projected -8.24% first-year return on $77,763 initial cash invested.
-8.24%
Cash On Cash
4.72%
Cap Rate
0.79
DSCR
$2,741
Rent
-$534
Cashflow
Cash Flow
$2,741 income − $3,275 expenses = $534 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,763
Downpayment
20%
$74,060
Closing costs
1%
$3,703
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,741
Total Expenses
$3,275
Mortgage P&I
68%
$1,855
Property Taxes
21%
$575
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0