This property looks like a bad Long-Term investment with a projected -11.31% first-year return on $77,679 initial cash invested.
-11.31%
Cash On Cash
4.13%
Cap Rate
0.67
DSCR
$2,116
Rent
-$732
Cashflow
Cash Flow
$2,116 income − $2,848 expenses = $732 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,116
Total Expenses
$2,848
Mortgage P&I
90%
$1,900
Property Taxes
10%
$219
Home Insurance
6%
$130
HOA
2%
$48
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0