This property looks like a bad Long-Term investment with a projected -23.81% first-year return on $77,679 initial cash invested.
-23.81%
Cash On Cash
1.39%
Cap Rate
0.22
DSCR
$975
Rent
-$1,541
Cashflow
Cash Flow
$975 income − $2,516 expenses = $1,541 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.8%
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
$975
Total Expenses
$2,516
Mortgage P&I
197%
$1,921
Property Taxes
22%
$211
Home Insurance
13%
$130
HOA
0%
$0
Property Management
10%
$98
CapEx
5%
$49
Vacancy
6%
$58
Maintenance
5%
$49
Other
0%
$0