This property looks like a bad Long-Term investment with a projected -10.21% first-year return on $79,590 initial cash invested.
-10.21%
Cash On Cash
4.83%
Cap Rate
0.74
DSCR
$2,701
Rent
-$677
Cashflow
Cash Flow
$2,701 income − $3,378 expenses = $677 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,590
Downpayment
20%
$75,800
Closing costs
1%
$3,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,701
Total Expenses
$3,378
Mortgage P&I
77%
$2,068
Property Taxes
18%
$475
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0