This property looks like a bad Long-Term investment with a projected -12.23% first-year return on $79,254 initial cash invested.
-12.23%
Cash On Cash
4.28%
Cap Rate
0.66
DSCR
$2,418
Rent
-$808
Cashflow
Cash Flow
$2,418 income − $3,226 expenses = $808 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,254
Downpayment
20%
$75,480
Closing costs
1%
$3,774
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,418
Total Expenses
$3,226
Mortgage P&I
84%
$2,034
Property Taxes
17%
$414
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0