This property looks like a bad Long-Term investment with a projected -5.9% first-year return on $78,246 initial cash invested.
-5.9%
Cash On Cash
5.95%
Cap Rate
0.89
DSCR
$3,158
Rent
-$385
Cashflow
Cash Flow
$3,158 income − $3,543 expenses = $385 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,246
Downpayment
20%
$74,520
Closing costs
1%
$3,726
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,158
Total Expenses
$3,543
Mortgage P&I
66%
$2,076
Property Taxes
16%
$517
Home Insurance
4%
$129
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$189
Maintenance
5%
$158
Other
0%
$0