This property looks like a bad Long-Term investment with a projected -14.04% first-year return on $79,674 initial cash invested.
-14.04%
Cash On Cash
3.5%
Cap Rate
0.57
DSCR
$1,844
Rent
-$932
Cashflow
Cash Flow
$1,844 income − $2,776 expenses = $932 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,844
Total Expenses
$2,776
Mortgage P&I
106%
$1,948
Property Taxes
11%
$211
Home Insurance
7%
$138
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0