This property looks like a bad Long-Term investment with a projected -14.47% first-year return on $77,700 initial cash invested.
-14.47%
Cash On Cash
3.9%
Cap Rate
0.59
DSCR
$1,937
Rent
-$937
Cashflow
Cash Flow
$1,937 income − $2,874 expenses = $937 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,700
Downpayment
20%
$74,000
Closing costs
1%
$3,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,937
Total Expenses
$2,874
Mortgage P&I
106%
$2,044
Property Taxes
10%
$195
Home Insurance
7%
$131
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0