This property looks like a bad Long-Term investment with a projected -12.8% first-year return on $79,422 initial cash invested.
-12.8%
Cash On Cash
4.21%
Cap Rate
0.64
DSCR
$2,276
Rent
-$847
Cashflow
Cash Flow
$2,276 income − $3,123 expenses = $847 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,422
Downpayment
20%
$75,640
Closing costs
1%
$3,782
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,276
Total Expenses
$3,123
Mortgage P&I
91%
$2,060
Property Taxes
11%
$260
Home Insurance
6%
$145
HOA
3%
$65
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0