This property looks like a bad Long-Term investment with a projected -13.73% first-year return on $79,380 initial cash invested.
-13.73%
Cash On Cash
3.56%
Cap Rate
0.58
DSCR
$2,004
Rent
-$908
Cashflow
Cash Flow
$2,004 income − $2,912 expenses = $908 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,380
Downpayment
20%
$75,600
Closing costs
1%
$3,780
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,004
Total Expenses
$2,912
Mortgage P&I
96%
$1,928
Property Taxes
16%
$330
Home Insurance
7%
$134
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0