This property looks like a bad Long-Term investment with a projected -12.63% first-year return on $78,939 initial cash invested.
-12.63%
Cash On Cash
4.07%
Cap Rate
0.63
DSCR
$1,857
Rent
-$831
Cashflow
Cash Flow
$1,857 income − $2,688 expenses = $831 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,857
Total Expenses
$2,688
Mortgage P&I
108%
$2,013
Property Taxes
3%
$56
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0