This property looks like a bad Long-Term investment with a projected -12.35% first-year return on $78,309 initial cash invested.
-12.35%
Cash On Cash
4.48%
Cap Rate
0.68
DSCR
$2,751
Rent
-$806
Cashflow
Cash Flow
$2,751 income − $3,557 expenses = $806 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,309
Downpayment
20%
$74,580
Closing costs
1%
$3,729
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,751
Total Expenses
$3,557
Mortgage P&I
75%
$2,060
Property Taxes
24%
$651
Home Insurance
5%
$130
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0