This property looks like a bad Long-Term investment with a projected -12.4% first-year return on $78,099 initial cash invested.
-12.4%
Cash On Cash
4.23%
Cap Rate
0.65
DSCR
$2,263
Rent
-$807
Cashflow
Cash Flow
$2,263 income − $3,070 expenses = $807 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,099
Downpayment
20%
$74,380
Closing costs
1%
$3,719
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,263
Total Expenses
$3,070
Mortgage P&I
89%
$2,004
Property Taxes
14%
$327
Home Insurance
5%
$121
HOA
1%
$30
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0