This property looks like a bad Long-Term investment with a projected -9.97% first-year return on $79,464 initial cash invested.
-9.97%
Cash On Cash
4.89%
Cap Rate
0.74
DSCR
$2,277
Rent
-$660
Cashflow
Cash Flow
$2,277 income − $2,937 expenses = $660 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,464
Downpayment
20%
$75,680
Closing costs
1%
$3,784
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,277
Total Expenses
$2,937
Mortgage P&I
92%
$2,088
Property Taxes
5%
$121
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0