This property looks like a bad Long-Term investment with a projected -11.26% first-year return on $78,309 initial cash invested.
-11.26%
Cash On Cash
4.52%
Cap Rate
0.7
DSCR
$2,632
Rent
-$735
Cashflow
Cash Flow
$2,632 income − $3,367 expenses = $735 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,309
Downpayment
20%
$74,580
Closing costs
1%
$3,729
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,632
Total Expenses
$3,367
Mortgage P&I
76%
$2,007
Property Taxes
19%
$488
Home Insurance
6%
$157
HOA
1%
$30
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0