This property looks like a bad Long-Term investment with a projected -13% first-year return on $79,590 initial cash invested.
-13%
Cash On Cash
4.12%
Cap Rate
0.63
DSCR
$2,228
Rent
-$862
Cashflow
Cash Flow
$2,228 income − $3,090 expenses = $862 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,228
Total Expenses
$3,090
Mortgage P&I
92%
$2,053
Property Taxes
15%
$325
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0