This property looks like a bad Long-Term investment with a projected -15.65% first-year return on $79,506 initial cash invested.
-15.65%
Cash On Cash
3.24%
Cap Rate
0.52
DSCR
$2,176
Rent
-$1,037
Cashflow
Cash Flow
$2,176 income − $3,213 expenses = $1,037 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,506
Downpayment
20%
$75,720
Closing costs
1%
$3,786
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,176
Total Expenses
$3,213
Mortgage P&I
90%
$1,951
Property Taxes
26%
$555
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0