This property looks like a bad Long-Term investment with a projected -7.38% first-year return on $79,506 initial cash invested.
-7.38%
Cash On Cash
5.25%
Cap Rate
0.82
DSCR
$2,414
Rent
-$489
Cashflow
Cash Flow
$2,414 income − $2,903 expenses = $489 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,414
Total Expenses
$2,903
Mortgage P&I
84%
$2,025
Property Taxes
5%
$131
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0