This property looks like a bad Long-Term investment with a projected -12.16% first-year return on $79,632 initial cash invested.
-12.16%
Cash On Cash
4.34%
Cap Rate
0.66
DSCR
$2,304
Rent
-$807
Cashflow
Cash Flow
$2,304 income − $3,111 expenses = $807 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,632
Downpayment
20%
$75,840
Closing costs
1%
$3,792
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,304
Total Expenses
$3,111
Mortgage P&I
90%
$2,062
Property Taxes
13%
$297
Home Insurance
6%
$129
HOA
1%
$25
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0