This property looks like a bad Long-Term investment with a projected -12.32% first-year return on $79,506 initial cash invested.
-12.32%
Cash On Cash
4.56%
Cap Rate
0.67
DSCR
$2,301
Rent
-$816
Cashflow
Cash Flow
$2,301 income − $3,117 expenses = $816 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,506
Downpayment
20%
$75,720
Closing costs
1%
$3,786
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,301
Total Expenses
$3,117
Mortgage P&I
93%
$2,141
Property Taxes
11%
$245
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0