This property looks like a bad Long-Term investment with a projected -14.23% first-year return on $79,590 initial cash invested.
-14.23%
Cash On Cash
3.82%
Cap Rate
0.59
DSCR
$2,266
Rent
-$944
Cashflow
Cash Flow
$2,266 income − $3,210 expenses = $944 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,590
Downpayment
20%
$75,800
Closing costs
1%
$3,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,266
Total Expenses
$3,210
Mortgage P&I
90%
$2,037
Property Taxes
15%
$344
Home Insurance
6%
$131
HOA
5%
$109
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0