This property looks like a bad Long-Term investment with a projected -10.23% first-year return on $77,658 initial cash invested.
-10.23%
Cash On Cash
4.67%
Cap Rate
0.73
DSCR
$2,441
Rent
-$662
Cashflow
Cash Flow
$2,441 income − $3,103 expenses = $662 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,658
Downpayment
20%
$73,960
Closing costs
1%
$3,698
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,441
Total Expenses
$3,103
Mortgage P&I
81%
$1,980
Property Taxes
15%
$358
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0