This property looks like a bad Long-Term investment with a projected -14.6% first-year return on $79,485 initial cash invested.
-14.6%
Cash On Cash
3.59%
Cap Rate
0.57
DSCR
$2,062
Rent
-$967
Cashflow
Cash Flow
$2,062 income − $3,029 expenses = $967 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,485
Downpayment
20%
$75,700
Closing costs
1%
$3,785
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,062
Total Expenses
$3,029
Mortgage P&I
97%
$1,997
Property Taxes
18%
$381
Home Insurance
6%
$115
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0