This property looks like a bad Long-Term investment with a projected -14.15% first-year return on $78,183 initial cash invested.
-14.15%
Cash On Cash
3.48%
Cap Rate
0.57
DSCR
$1,978
Rent
-$922
Cashflow
Cash Flow
$1,978 income − $2,900 expenses = $922 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,183
Downpayment
20%
$74,460
Closing costs
1%
$3,723
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,978
Total Expenses
$2,900
Mortgage P&I
96%
$1,903
Property Taxes
18%
$351
Home Insurance
7%
$131
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0