This property looks like a bad Long-Term investment with a projected -10.5% first-year return on $79,296 initial cash invested.
-10.5%
Cash On Cash
4.57%
Cap Rate
0.71
DSCR
$2,134
Rent
-$694
Cashflow
Cash Flow
$2,134 income − $2,828 expenses = $694 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,296
Downpayment
20%
$75,520
Closing costs
1%
$3,776
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,134
Total Expenses
$2,828
Mortgage P&I
95%
$2,024
Property Taxes
5%
$113
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0