This property looks like a bad Long-Term investment with a projected -7.03% first-year return on $77,700 initial cash invested.
-7.03%
Cash On Cash
5.37%
Cap Rate
0.84
DSCR
$2,833
Rent
-$455
Cashflow
Cash Flow
$2,833 income − $3,288 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,700
Downpayment
20%
$74,000
Closing costs
1%
$3,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,833
Total Expenses
$3,288
Mortgage P&I
70%
$1,969
Property Taxes
16%
$452
Home Insurance
5%
$130
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0