This property looks like a bad Long-Term investment with a projected -11.99% first-year return on $78,267 initial cash invested.
-11.99%
Cash On Cash
3.93%
Cap Rate
0.64
DSCR
$1,994
Rent
-$782
Cashflow
Cash Flow
$1,994 income − $2,776 expenses = $782 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,267
Downpayment
20%
$74,540
Closing costs
1%
$3,727
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,994
Total Expenses
$2,776
Mortgage P&I
95%
$1,903
Property Taxes
11%
$221
Home Insurance
7%
$133
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0