This property looks like a bad Long-Term investment with a projected -11.25% first-year return on $79,128 initial cash invested.
-11.25%
Cash On Cash
4.17%
Cap Rate
0.68
DSCR
$2,394
Rent
-$742
Cashflow
Cash Flow
$2,394 income − $3,136 expenses = $742 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,128
Downpayment
20%
$75,360
Closing costs
1%
$3,768
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,394
Total Expenses
$3,136
Mortgage P&I
81%
$1,930
Property Taxes
18%
$423
Home Insurance
6%
$135
HOA
1%
$25
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0