This property looks like a bad Long-Term investment with a projected -15% first-year return on $77,679 initial cash invested.
-15%
Cash On Cash
3.7%
Cap Rate
0.57
DSCR
$1,858
Rent
-$971
Cashflow
Cash Flow
$1,858 income − $2,829 expenses = $971 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,858
Total Expenses
$2,829
Mortgage P&I
109%
$2,019
Property Taxes
11%
$197
Home Insurance
7%
$130
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0