This property looks like a bad Long-Term investment with a projected -13.33% first-year return on $78,309 initial cash invested.
-13.33%
Cash On Cash
4.28%
Cap Rate
0.64
DSCR
$2,741
Rent
-$870
Cashflow
Cash Flow
$2,741 income − $3,611 expenses = $870 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,309
Downpayment
20%
$74,580
Closing costs
1%
$3,729
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,741
Total Expenses
$3,611
Mortgage P&I
75%
$2,064
Property Taxes
25%
$697
Home Insurance
5%
$138
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0