This property looks like a bad Long-Term investment with a projected -10.09% first-year return on $77,805 initial cash invested.
-10.09%
Cash On Cash
5.05%
Cap Rate
0.75
DSCR
$2,791
Rent
-$654
Cashflow
Cash Flow
$2,791 income − $3,445 expenses = $654 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,805
Downpayment
20%
$74,100
Closing costs
1%
$3,705
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,791
Total Expenses
$3,445
Mortgage P&I
74%
$2,072
Property Taxes
18%
$514
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$140
Vacancy
6%
$167
Maintenance
5%
$140
Other
0%
$0