This property looks like a bad Long-Term investment with a projected -12.36% first-year return on $79,611 initial cash invested.
-12.36%
Cash On Cash
4.26%
Cap Rate
0.65
DSCR
$2,096
Rent
-$820
Cashflow
Cash Flow
$2,096 income − $2,916 expenses = $820 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,611
Downpayment
20%
$75,820
Closing costs
1%
$3,791
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,096
Total Expenses
$2,916
Mortgage P&I
98%
$2,062
Property Taxes
8%
$172
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0