This property looks like a bad Long-Term investment with a projected -5.32% first-year return on $78,750 initial cash invested.
-5.32%
Cash On Cash
5.4%
Cap Rate
0.88
DSCR
$2,535
Rent
-$349
Cashflow
Cash Flow
$2,535 income − $2,884 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,750
Downpayment
20%
$75,000
Closing costs
1%
$3,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,535
Total Expenses
$2,884
Mortgage P&I
75%
$1,909
Property Taxes
7%
$184
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0