This property looks like a bad Long-Term investment with a projected -19.03% first-year return on $78,750 initial cash invested.
-19.03%
Cash On Cash
2.49%
Cap Rate
0.41
DSCR
$2,329
Rent
-$1,249
Cashflow
Cash Flow
$2,329 income − $3,578 expenses = $1,249 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
$2,329
Total Expenses
$3,578
Mortgage P&I
82%
$1,912
Property Taxes
40%
$930
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0