This property looks like a bad Long-Term investment with a projected -11.11% first-year return on $78,015 initial cash invested.
-11.11%
Cash On Cash
4.29%
Cap Rate
0.69
DSCR
$2,638
Rent
-$722
Cashflow
Cash Flow
$2,638 income − $3,360 expenses = $722 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,015
Downpayment
20%
$74,300
Closing costs
1%
$3,715
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,638
Total Expenses
$3,360
Mortgage P&I
73%
$1,919
Property Taxes
24%
$624
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0