This property looks like a bad Long-Term investment with a projected -8.49% first-year return on $79,296 initial cash invested.
-8.49%
Cash On Cash
5.18%
Cap Rate
0.79
DSCR
$2,388
Rent
-$561
Cashflow
Cash Flow
$2,388 income − $2,949 expenses = $561 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,296
Downpayment
20%
$75,520
Closing costs
1%
$3,776
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,388
Total Expenses
$2,949
Mortgage P&I
87%
$2,072
Property Taxes
4%
$107
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0