This property looks like a bad Long-Term investment with a projected -8.25% first-year return on $78,876 initial cash invested.
-8.25%
Cash On Cash
4.67%
Cap Rate
0.78
DSCR
$2,692
Rent
-$542
Cashflow
Cash Flow
$2,692 income − $3,234 expenses = $542 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,876
Downpayment
20%
$75,120
Closing costs
1%
$3,756
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,692
Total Expenses
$3,234
Mortgage P&I
69%
$1,869
Property Taxes
20%
$529
Home Insurance
5%
$135
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0