This property looks like a bad Long-Term investment with a projected -9.31% first-year return on $79,170 initial cash invested.
-9.31%
Cash On Cash
4.55%
Cap Rate
0.74
DSCR
$2,091
Rent
-$614
Cashflow
Cash Flow
$2,091 income − $2,705 expenses = $614 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,091
Total Expenses
$2,705
Mortgage P&I
93%
$1,937
Property Taxes
4%
$91
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$125
Maintenance
5%
$105
Other
0%
$0