This property looks like a bad Long-Term investment with a projected -12.33% first-year return on $78,960 initial cash invested.
-12.33%
Cash On Cash
4.28%
Cap Rate
0.66
DSCR
$2,111
Rent
-$811
Cashflow
Cash Flow
$2,111 income − $2,922 expenses = $811 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,960
Downpayment
20%
$75,200
Closing costs
1%
$3,760
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,111
Total Expenses
$2,922
Mortgage P&I
97%
$2,045
Property Taxes
9%
$194
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0