This property looks like a bad Long-Term investment with a projected -13.64% first-year return on $78,729 initial cash invested.
-13.64%
Cash On Cash
3.89%
Cap Rate
0.6
DSCR
$1,944
Rent
-$895
Cashflow
Cash Flow
$1,944 income − $2,839 expenses = $895 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,729
Downpayment
20%
$74,980
Closing costs
1%
$3,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,944
Total Expenses
$2,839
Mortgage P&I
104%
$2,014
Property Taxes
10%
$185
Home Insurance
7%
$135
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0