This property looks like a bad Long-Term investment with a projected -12.99% first-year return on $78,330 initial cash invested.
-12.99%
Cash On Cash
4.2%
Cap Rate
0.64
DSCR
$2,451
Rent
-$848
Cashflow
Cash Flow
$2,451 income − $3,299 expenses = $848 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,330
Downpayment
20%
$74,600
Closing costs
1%
$3,730
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,451
Total Expenses
$3,299
Mortgage P&I
83%
$2,032
Property Taxes
20%
$496
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0