This property looks like a bad Long-Term investment with a projected -11.96% first-year return on $78,876 initial cash invested.
-11.96%
Cash On Cash
4.24%
Cap Rate
0.66
DSCR
$1,919
Rent
-$786
Cashflow
Cash Flow
$1,919 income − $2,705 expenses = $786 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,876
Downpayment
20%
$75,120
Closing costs
1%
$3,756
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,919
Total Expenses
$2,705
Mortgage P&I
105%
$2,016
Property Taxes
4%
$85
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0