This property looks like a bad Long-Term investment with a projected -11.05% first-year return on $78,939 initial cash invested.
-11.05%
Cash On Cash
4.47%
Cap Rate
0.7
DSCR
$2,383
Rent
-$727
Cashflow
Cash Flow
$2,383 income − $3,110 expenses = $727 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,939
Downpayment
20%
$75,180
Closing costs
1%
$3,759
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,383
Total Expenses
$3,110
Mortgage P&I
84%
$2,009
Property Taxes
15%
$346
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0