This property looks like a bad Long-Term investment with a projected -19.85% first-year return on $77,700 initial cash invested.
-19.85%
Cash On Cash
2.11%
Cap Rate
0.35
DSCR
$1,128
Rent
-$1,285
Cashflow
Cash Flow
$1,128 income − $2,413 expenses = $1,285 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,700
Downpayment
20%
$74,000
Closing costs
1%
$3,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,128
Total Expenses
$2,413
Mortgage P&I
167%
$1,881
Property Taxes
10%
$109
Home Insurance
12%
$130
HOA
0%
$0
Property Management
10%
$113
CapEx
5%
$56
Vacancy
6%
$68
Maintenance
5%
$56
Other
0%
$0