This property looks like a bad Long-Term investment with a projected -9.38% first-year return on $77,784 initial cash invested.
-9.38%
Cash On Cash
5%
Cap Rate
0.76
DSCR
$2,523
Rent
-$608
Cashflow
Cash Flow
$2,523 income − $3,131 expenses = $608 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,784
Downpayment
20%
$74,080
Closing costs
1%
$3,704
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,523
Total Expenses
$3,131
Mortgage P&I
80%
$2,025
Property Taxes
13%
$320
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0