This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $78,330 initial cash invested.
-16.51%
Cash On Cash
3.39%
Cap Rate
0.53
DSCR
$2,517
Rent
-$1,078
Cashflow
Cash Flow
$2,517 income − $3,595 expenses = $1,078 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,330
Downpayment
20%
$74,600
Closing costs
1%
$3,730
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,517
Total Expenses
$3,595
Mortgage P&I
80%
$2,007
Property Taxes
22%
$547
Home Insurance
6%
$152
HOA
9%
$234
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0