This property looks like a bad Long-Term investment with a projected -14.29% first-year return on $78,750 initial cash invested.
-14.29%
Cash On Cash
3.98%
Cap Rate
0.6
DSCR
$2,290
Rent
-$938
Cashflow
Cash Flow
$2,290 income − $3,228 expenses = $938 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,290
Total Expenses
$3,228
Mortgage P&I
90%
$2,067
Property Taxes
19%
$436
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0