This property looks like a bad Long-Term investment with a projected -15.83% first-year return on $78,750 initial cash invested.
-15.83%
Cash On Cash
3.16%
Cap Rate
0.51
DSCR
$2,030
Rent
-$1,039
Cashflow
Cash Flow
$2,030 income − $3,069 expenses = $1,039 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
$2,030
Total Expenses
$3,069
Mortgage P&I
95%
$1,923
Property Taxes
24%
$486
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0