This property looks like a bad Long-Term investment with a projected -11.69% first-year return on $79,044 initial cash invested.
-11.69%
Cash On Cash
4.04%
Cap Rate
0.66
DSCR
$2,051
Rent
-$770
Cashflow
Cash Flow
$2,051 income − $2,821 expenses = $770 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,044
Downpayment
20%
$75,280
Closing costs
1%
$3,764
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,051
Total Expenses
$2,821
Mortgage P&I
94%
$1,934
Property Taxes
11%
$218
Home Insurance
7%
$135
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0