This property looks like a bad Long-Term investment with a projected -14.14% first-year return on $78,750 initial cash invested.
-14.14%
Cash On Cash
3.93%
Cap Rate
0.6
DSCR
$2,251
Rent
-$928
Cashflow
Cash Flow
$2,251 income − $3,179 expenses = $928 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,251
Total Expenses
$3,179
Mortgage P&I
91%
$2,042
Property Taxes
19%
$420
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0