This property looks like a bad Long-Term investment with a projected -16.3% first-year return on $78,183 initial cash invested.
-16.3%
Cash On Cash
3.51%
Cap Rate
0.53
DSCR
$2,269
Rent
-$1,062
Cashflow
Cash Flow
$2,269 income − $3,331 expenses = $1,062 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,183
Downpayment
20%
$74,460
Closing costs
1%
$3,723
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,269
Total Expenses
$3,331
Mortgage P&I
90%
$2,037
Property Taxes
26%
$586
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0