This property looks like a bad Long-Term investment with a projected -16.98% first-year return on $77,679 initial cash invested.
-16.98%
Cash On Cash
3.07%
Cap Rate
0.48
DSCR
$1,695
Rent
-$1,099
Cashflow
Cash Flow
$1,695 income − $2,794 expenses = $1,099 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,679
Downpayment
20%
$73,980
Closing costs
1%
$3,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,695
Total Expenses
$2,794
Mortgage P&I
116%
$1,960
Property Taxes
15%
$262
Home Insurance
8%
$130
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0