This property looks like a bad Long-Term investment with a projected -3.71% first-year return on $79,590 initial cash invested.
-3.71%
Cash On Cash
6.16%
Cap Rate
0.95
DSCR
$2,672
Rent
-$246
Cashflow
Cash Flow
$2,672 income − $2,918 expenses = $246 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,672
Total Expenses
$2,918
Mortgage P&I
77%
$2,057
Property Taxes
1%
$33
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0