This property looks like a bad Long-Term investment with a projected -12.68% first-year return on $77,679 initial cash invested.
-12.68%
Cash On Cash
3.74%
Cap Rate
0.61
DSCR
$1,810
Rent
-$821
Cashflow
Cash Flow
$1,810 income − $2,631 expenses = $821 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,679
Downpayment
20%
$73,980
Closing costs
1%
$3,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,810
Total Expenses
$2,631
Mortgage P&I
104%
$1,885
Property Taxes
8%
$146
Home Insurance
7%
$130
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0