This property looks like a bad Long-Term investment with a projected -13.2% first-year return on $79,023 initial cash invested.
-13.2%
Cash On Cash
4.16%
Cap Rate
0.63
DSCR
$2,246
Rent
-$869
Cashflow
Cash Flow
$2,246 income − $3,115 expenses = $869 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,023
Downpayment
20%
$75,260
Closing costs
1%
$3,763
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,246
Total Expenses
$3,115
Mortgage P&I
92%
$2,063
Property Taxes
15%
$335
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0