This property looks like a bad Long-Term investment with a projected -11.94% first-year return on $77,763 initial cash invested.
-11.94%
Cash On Cash
3.94%
Cap Rate
0.64
DSCR
$1,850
Rent
-$774
Cashflow
Cash Flow
$1,850 income − $2,624 expenses = $774 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,763
Downpayment
20%
$74,060
Closing costs
1%
$3,703
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,850
Total Expenses
$2,624
Mortgage P&I
103%
$1,899
Property Taxes
6%
$112
Home Insurance
7%
$133
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0