This property looks like a bad Long-Term investment with a projected -12.65% first-year return on $78,897 initial cash invested.
-12.65%
Cash On Cash
4.44%
Cap Rate
0.66
DSCR
$2,158
Rent
-$832
Cashflow
Cash Flow
$2,158 income − $2,990 expenses = $832 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,897
Downpayment
20%
$75,140
Closing costs
1%
$3,757
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,158
Total Expenses
$2,990
Mortgage P&I
98%
$2,114
Property Taxes
8%
$179
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0