This property looks like a bad Long-Term investment with a projected -2.89% first-year return on $79,674 initial cash invested.
-2.89%
Cash On Cash
6.42%
Cap Rate
0.99
DSCR
$3,236
Rent
-$192
Cashflow
Cash Flow
$3,236 income − $3,428 expenses = $192 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,674
Downpayment
20%
$75,880
Closing costs
1%
$3,794
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,236
Total Expenses
$3,428
Mortgage P&I
64%
$2,059
Property Taxes
12%
$387
Home Insurance
4%
$140
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0