This property looks like a bad Long-Term investment with a projected -11.74% first-year return on $78,078 initial cash invested.
-11.74%
Cash On Cash
4.22%
Cap Rate
0.66
DSCR
$1,845
Rent
-$764
Cashflow
Cash Flow
$1,845 income − $2,609 expenses = $764 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,078
Downpayment
20%
$74,360
Closing costs
1%
$3,718
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,845
Total Expenses
$2,609
Mortgage P&I
107%
$1,978
Property Taxes
1%
$17
Home Insurance
7%
$135
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0