This property looks like a bad Long-Term investment with a projected -12.02% first-year return on $79,674 initial cash invested.
-12.02%
Cash On Cash
4.41%
Cap Rate
0.67
DSCR
$2,257
Rent
-$798
Cashflow
Cash Flow
$2,257 income − $3,055 expenses = $798 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,257
Total Expenses
$3,055
Mortgage P&I
92%
$2,080
Property Taxes
11%
$255
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0