This property looks like a bad Long-Term investment with a projected -9.87% first-year return on $78,183 initial cash invested.
-9.87%
Cash On Cash
5.24%
Cap Rate
0.76
DSCR
$2,495
Rent
-$643
Cashflow
Cash Flow
$2,495 income − $3,138 expenses = $643 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.8%
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
$2,495
Total Expenses
$3,138
Mortgage P&I
86%
$2,145
Property Taxes
8%
$210
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0