This property looks like a bad Long-Term investment with a projected -7.97% first-year return on $78,036 initial cash invested.
-7.97%
Cash On Cash
5.27%
Cap Rate
0.81
DSCR
$2,551
Rent
-$518
Cashflow
Cash Flow
$2,551 income − $3,069 expenses = $518 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,036
Downpayment
20%
$74,320
Closing costs
1%
$3,716
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,551
Total Expenses
$3,069
Mortgage P&I
79%
$2,021
Property Taxes
8%
$200
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0