This property looks like a bad Long-Term investment with a projected -8.21% first-year return on $77,868 initial cash invested.
-8.21%
Cash On Cash
5.3%
Cap Rate
0.8
DSCR
$2,493
Rent
-$533
Cashflow
Cash Flow
$2,493 income − $3,026 expenses = $533 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,868
Downpayment
20%
$74,160
Closing costs
1%
$3,708
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,493
Total Expenses
$3,026
Mortgage P&I
82%
$2,047
Property Taxes
8%
$199
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0