This property looks like a bad Long-Term investment with a projected -10.32% first-year return on $78,687 initial cash invested.
-10.32%
Cash On Cash
4.71%
Cap Rate
0.72
DSCR
$2,283
Rent
-$677
Cashflow
Cash Flow
$2,283 income − $2,960 expenses = $677 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,687
Downpayment
20%
$74,940
Closing costs
1%
$3,747
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,283
Total Expenses
$2,960
Mortgage P&I
89%
$2,033
Property Taxes
9%
$212
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0