This property looks like a bad Long-Term investment with a projected -20.86% first-year return on $79,275 initial cash invested.
-20.86%
Cash On Cash
2.63%
Cap Rate
0.39
DSCR
$2,237
Rent
-$1,378
Cashflow
Cash Flow
$2,237 income − $3,615 expenses = $1,378 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,275
Downpayment
20%
$75,500
Closing costs
1%
$3,775
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,237
Total Expenses
$3,615
Mortgage P&I
94%
$2,092
Property Taxes
35%
$779
Home Insurance
6%
$132
HOA
1%
$30
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0