This property looks like a bad Long-Term investment with a projected -9.6% first-year return on $78,750 initial cash invested.
-9.6%
Cash On Cash
4.57%
Cap Rate
0.74
DSCR
$2,383
Rent
-$630
Cashflow
Cash Flow
$2,383 income − $3,013 expenses = $630 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,750
Downpayment
20%
$75,000
Closing costs
1%
$3,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,383
Total Expenses
$3,013
Mortgage P&I
81%
$1,938
Property Taxes
14%
$325
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0