This property looks like a bad Long-Term investment with a projected -5.77% first-year return on $78,204 initial cash invested.
-5.77%
Cash On Cash
5.82%
Cap Rate
0.88
DSCR
$2,629
Rent
-$376
Cashflow
Cash Flow
$2,629 income − $3,005 expenses = $376 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,204
Downpayment
20%
$74,480
Closing costs
1%
$3,724
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,629
Total Expenses
$3,005
Mortgage P&I
78%
$2,051
Property Taxes
5%
$133
Home Insurance
5%
$133
HOA
0%
$5
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0