This property looks like a bad Long-Term investment with a projected -12.3% first-year return on $78,330 initial cash invested.
-12.3%
Cash On Cash
4.04%
Cap Rate
0.65
DSCR
$2,376
Rent
-$803
Cashflow
Cash Flow
$2,376 income − $3,179 expenses = $803 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,330
Downpayment
20%
$74,600
Closing costs
1%
$3,730
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,376
Total Expenses
$3,179
Mortgage P&I
82%
$1,941
Property Taxes
20%
$486
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0