This property looks like a bad Long-Term investment with a projected -7.66% first-year return on $79,317 initial cash invested.
-7.66%
Cash On Cash
5.47%
Cap Rate
0.83
DSCR
$2,929
Rent
-$506
Cashflow
Cash Flow
$2,929 income − $3,435 expenses = $506 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,317
Downpayment
20%
$75,540
Closing costs
1%
$3,777
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,929
Total Expenses
$3,435
Mortgage P&I
71%
$2,082
Property Taxes
16%
$456
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0