This property looks like a bad Long-Term investment with a projected -8.52% first-year return on $77,994 initial cash invested.
-8.52%
Cash On Cash
5.13%
Cap Rate
0.79
DSCR
$2,635
Rent
-$554
Cashflow
Cash Flow
$2,635 income − $3,189 expenses = $554 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,994
Downpayment
20%
$74,280
Closing costs
1%
$3,714
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,635
Total Expenses
$3,189
Mortgage P&I
76%
$2,010
Property Taxes
14%
$362
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0