This property looks like a bad Long-Term investment with a projected -19.81% first-year return on $77,952 initial cash invested.
-19.81%
Cash On Cash
2.47%
Cap Rate
0.39
DSCR
$1,662
Rent
-$1,287
Cashflow
Cash Flow
$1,662 income − $2,949 expenses = $1,287 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,952
Downpayment
20%
$74,240
Closing costs
1%
$3,712
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,662
Total Expenses
$2,949
Mortgage P&I
118%
$1,968
Property Taxes
24%
$400
Home Insurance
9%
$149
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0