This property looks like a bad Long-Term investment with a projected -11.36% first-year return on $79,023 initial cash invested.
-11.36%
Cash On Cash
4.58%
Cap Rate
0.7
DSCR
$2,396
Rent
-$748
Cashflow
Cash Flow
$2,396 income − $3,144 expenses = $748 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,023
Downpayment
20%
$75,260
Closing costs
1%
$3,763
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,396
Total Expenses
$3,144
Mortgage P&I
86%
$2,065
Property Taxes
15%
$352
Home Insurance
4%
$103
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0