This property looks like a bad Long-Term investment with a projected -11.93% first-year return on $77,679 initial cash invested.
-11.93%
Cash On Cash
3.86%
Cap Rate
0.64
DSCR
$1,880
Rent
-$772
Cashflow
Cash Flow
$1,880 income − $2,652 expenses = $772 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,880
Total Expenses
$2,652
Mortgage P&I
99%
$1,867
Property Taxes
9%
$166
Home Insurance
7%
$130
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0