This property looks like a bad Long-Term investment with a projected -14.04% first-year return on $79,653 initial cash invested.
-14.04%
Cash On Cash
3.94%
Cap Rate
0.6
DSCR
$2,250
Rent
-$932
Cashflow
Cash Flow
$2,250 income − $3,182 expenses = $932 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,653
Downpayment
20%
$75,860
Closing costs
1%
$3,793
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,250
Total Expenses
$3,182
Mortgage P&I
92%
$2,064
Property Taxes
15%
$335
Home Insurance
6%
$135
HOA
3%
$64
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0