This property looks like a bad Long-Term investment with a projected -13.92% first-year return on $79,149 initial cash invested.
-13.92%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$2,340
Rent
-$918
Cashflow
Cash Flow
$2,340 income − $3,258 expenses = $918 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,149
Downpayment
20%
$75,380
Closing costs
1%
$3,769
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,340
Total Expenses
$3,258
Mortgage P&I
88%
$2,053
Property Taxes
20%
$469
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0