This property looks like a bad Long-Term investment with a projected -13.95% first-year return on $79,506 initial cash invested.
-13.95%
Cash On Cash
3.95%
Cap Rate
0.61
DSCR
$2,323
Rent
-$924
Cashflow
Cash Flow
$2,323 income − $3,247 expenses = $924 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,506
Downpayment
20%
$75,720
Closing costs
1%
$3,786
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,323
Total Expenses
$3,247
Mortgage P&I
88%
$2,053
Property Taxes
21%
$486
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0