This property looks like a bad Long-Term investment with a projected -15.28% first-year return on $78,120 initial cash invested.
-15.28%
Cash On Cash
3.84%
Cap Rate
0.58
DSCR
$2,428
Rent
-$995
Cashflow
Cash Flow
$2,428 income − $3,423 expenses = $995 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,120
Downpayment
20%
$74,400
Closing costs
1%
$3,720
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,428
Total Expenses
$3,423
Mortgage P&I
85%
$2,064
Property Taxes
25%
$597
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0