This property looks like a bad Long-Term investment with a projected -12.67% first-year return on $78,120 initial cash invested.
-12.67%
Cash On Cash
4.03%
Cap Rate
0.63
DSCR
$1,952
Rent
-$825
Cashflow
Cash Flow
$1,952 income − $2,777 expenses = $825 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,120
Downpayment
20%
$74,400
Closing costs
1%
$3,720
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,952
Total Expenses
$2,777
Mortgage P&I
101%
$1,975
Property Taxes
8%
$164
Home Insurance
7%
$130
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0