This property looks like a bad Long-Term investment with a projected -11% first-year return on $78,666 initial cash invested.
-11%
Cash On Cash
4.22%
Cap Rate
0.69
DSCR
$2,375
Rent
-$721
Cashflow
Cash Flow
$2,375 income − $3,096 expenses = $721 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,666
Downpayment
20%
$74,920
Closing costs
1%
$3,746
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,375
Total Expenses
$3,096
Mortgage P&I
81%
$1,919
Property Taxes
18%
$423
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0