This property looks like a bad Long-Term investment with a projected -15.79% first-year return on $77,889 initial cash invested.
-15.79%
Cash On Cash
3.71%
Cap Rate
0.55
DSCR
$2,056
Rent
-$1,025
Cashflow
Cash Flow
$2,056 income − $3,081 expenses = $1,025 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,889
Downpayment
20%
$74,180
Closing costs
1%
$3,709
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,056
Total Expenses
$3,081
Mortgage P&I
101%
$2,068
Property Taxes
17%
$343
Home Insurance
7%
$135
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0