This property looks like a bad Long-Term investment with a projected -13.55% first-year return on $79,590 initial cash invested.
-13.55%
Cash On Cash
3.74%
Cap Rate
0.6
DSCR
$2,192
Rent
-$899
Cashflow
Cash Flow
$2,192 income − $3,091 expenses = $899 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,590
Downpayment
20%
$75,800
Closing costs
1%
$3,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,192
Total Expenses
$3,091
Mortgage P&I
90%
$1,971
Property Taxes
19%
$416
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0