This property looks like a bad Long-Term investment with a projected -11.13% first-year return on $79,674 initial cash invested.
-11.13%
Cash On Cash
4.76%
Cap Rate
0.71
DSCR
$2,655
Rent
-$739
Cashflow
Cash Flow
$2,655 income − $3,394 expenses = $739 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,674
Downpayment
20%
$75,880
Closing costs
1%
$3,794
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,655
Total Expenses
$3,394
Mortgage P&I
80%
$2,112
Property Taxes
19%
$505
Home Insurance
3%
$86
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0