This property looks like a bad Long-Term investment with a projected -7.37% first-year return on $79,149 initial cash invested.
-7.37%
Cash On Cash
5.05%
Cap Rate
0.82
DSCR
$2,933
Rent
-$486
Cashflow
Cash Flow
$2,933 income − $3,419 expenses = $486 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,933
Total Expenses
$3,419
Mortgage P&I
66%
$1,926
Property Taxes
20%
$597
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0