This property looks like a bad Long-Term investment with a projected -9.51% first-year return on $78,834 initial cash invested.
-9.51%
Cash On Cash
4.87%
Cap Rate
0.75
DSCR
$2,460
Rent
-$625
Cashflow
Cash Flow
$2,460 income − $3,085 expenses = $625 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,834
Downpayment
20%
$75,080
Closing costs
1%
$3,754
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,460
Total Expenses
$3,085
Mortgage P&I
82%
$2,027
Property Taxes
11%
$278
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0