This property looks like a bad Long-Term investment with a projected -10.69% first-year return on $77,931 initial cash invested.
-10.69%
Cash On Cash
4.29%
Cap Rate
0.7
DSCR
$2,696
Rent
-$694
Cashflow
Cash Flow
$2,696 income − $3,390 expenses = $694 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,931
Downpayment
20%
$74,220
Closing costs
1%
$3,711
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,696
Total Expenses
$3,390
Mortgage P&I
70%
$1,887
Property Taxes
25%
$673
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0