This property looks like a bad Long-Term investment with a projected -16.05% first-year return on $79,422 initial cash invested.
-16.05%
Cash On Cash
3.07%
Cap Rate
0.49
DSCR
$1,408
Rent
-$1,062
Cashflow
Cash Flow
$1,408 income − $2,470 expenses = $1,062 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,422
Downpayment
20%
$75,640
Closing costs
1%
$3,782
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,408
Total Expenses
$2,470
Mortgage P&I
139%
$1,958
Property Taxes
1%
$11
Home Insurance
10%
$136
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0