This property looks like a bad Long-Term investment with a projected -8.94% first-year return on $79,632 initial cash invested.
-8.94%
Cash On Cash
4.9%
Cap Rate
0.77
DSCR
$2,370
Rent
-$593
Cashflow
Cash Flow
$2,370 income − $2,963 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,632
Downpayment
20%
$75,840
Closing costs
1%
$3,792
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,370
Total Expenses
$2,963
Mortgage P&I
85%
$2,022
Property Taxes
9%
$206
Home Insurance
5%
$120
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0