This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $77,679 initial cash invested.
-16.51%
Cash On Cash
3.22%
Cap Rate
0.5
DSCR
$1,853
Rent
-$1,069
Cashflow
Cash Flow
$1,853 income − $2,922 expenses = $1,069 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,853
Total Expenses
$2,922
Mortgage P&I
106%
$1,968
Property Taxes
18%
$342
Home Insurance
7%
$130
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0