This property looks like a bad Long-Term investment with a projected -16.91% first-year return on $77,637 initial cash invested.
-16.91%
Cash On Cash
3.54%
Cap Rate
0.53
DSCR
$2,326
Rent
-$1,094
Cashflow
Cash Flow
$2,326 income − $3,420 expenses = $1,094 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,637
Downpayment
20%
$73,940
Closing costs
1%
$3,697
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,326
Total Expenses
$3,420
Mortgage P&I
89%
$2,068
Property Taxes
26%
$616
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0