This property looks like a bad Long-Term investment with a projected -3.47% first-year return on $79,128 initial cash invested.
-3.47%
Cash On Cash
5.98%
Cap Rate
0.96
DSCR
$2,997
Rent
-$229
Cashflow
Cash Flow
$2,997 income − $3,226 expenses = $229 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,128
Downpayment
20%
$75,360
Closing costs
1%
$3,768
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,997
Total Expenses
$3,226
Mortgage P&I
65%
$1,957
Property Taxes
12%
$353
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0