This property looks like a bad Long-Term investment with a projected -8.64% first-year return on $77,658 initial cash invested.
-8.64%
Cash On Cash
5.2%
Cap Rate
0.8
DSCR
$3,002
Rent
-$559
Cashflow
Cash Flow
$3,002 income − $3,561 expenses = $559 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,658
Downpayment
20%
$73,960
Closing costs
1%
$3,698
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,002
Total Expenses
$3,561
Mortgage P&I
67%
$2,011
Property Taxes
21%
$639
Home Insurance
4%
$131
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0