This property looks like a bad Long-Term investment with a projected -14.23% first-year return on $79,170 initial cash invested.
-14.23%
Cash On Cash
3.93%
Cap Rate
0.6
DSCR
$2,214
Rent
-$939
Cashflow
Cash Flow
$2,214 income − $3,153 expenses = $939 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,170
Downpayment
20%
$75,400
Closing costs
1%
$3,770
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,214
Total Expenses
$3,153
Mortgage P&I
93%
$2,064
Property Taxes
17%
$380
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0