This property looks like a bad Long-Term investment with a projected -14.55% first-year return on $77,679 initial cash invested.
-14.55%
Cash On Cash
3.96%
Cap Rate
0.59
DSCR
$2,188
Rent
-$942
Cashflow
Cash Flow
$2,188 income − $3,130 expenses = $942 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,679
Downpayment
20%
$73,980
Closing costs
1%
$3,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,188
Total Expenses
$3,130
Mortgage P&I
94%
$2,053
Property Taxes
17%
$379
Home Insurance
6%
$130
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0