This property looks like a bad Long-Term investment with a projected -12.41% first-year return on $79,674 initial cash invested.
-12.41%
Cash On Cash
3.8%
Cap Rate
0.62
DSCR
$2,046
Rent
-$824
Cashflow
Cash Flow
$2,046 income − $2,870 expenses = $824 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,674
Downpayment
20%
$75,880
Closing costs
1%
$3,794
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,046
Total Expenses
$2,870
Mortgage P&I
94%
$1,924
Property Taxes
14%
$281
Home Insurance
7%
$133
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0