This property looks like a bad Long-Term investment with a projected -22.51% first-year return on $78,729 initial cash invested.
-22.51%
Cash On Cash
2.36%
Cap Rate
0.35
DSCR
$2,646
Rent
-$1,477
Cashflow
Cash Flow
$2,646 income − $4,123 expenses = $1,477 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,729
Downpayment
20%
$74,980
Closing costs
1%
$3,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,646
Total Expenses
$4,123
Mortgage P&I
79%
$2,082
Property Taxes
35%
$914
Home Insurance
5%
$131
HOA
12%
$308
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0