This property looks like a bad Long-Term investment with a projected -9.96% first-year return on $79,485 initial cash invested.
-9.96%
Cash On Cash
4.46%
Cap Rate
0.72
DSCR
$2,267
Rent
-$660
Cashflow
Cash Flow
$2,267 income − $2,927 expenses = $660 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,267
Total Expenses
$2,927
Mortgage P&I
86%
$1,954
Property Taxes
11%
$244
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0