This property looks like a bad Long-Term investment with a projected -14.68% first-year return on $79,359 initial cash invested.
-14.68%
Cash On Cash
3.9%
Cap Rate
0.59
DSCR
$2,033
Rent
-$971
Cashflow
Cash Flow
$2,033 income − $3,004 expenses = $971 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,359
Downpayment
20%
$75,580
Closing costs
1%
$3,779
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,033
Total Expenses
$3,004
Mortgage P&I
103%
$2,096
Property Taxes
12%
$247
Home Insurance
6%
$132
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0