This property looks like a bad Long-Term investment with a projected -13.25% first-year return on $79,044 initial cash invested.
-13.25%
Cash On Cash
4.06%
Cap Rate
0.63
DSCR
$2,214
Rent
-$873
Cashflow
Cash Flow
$2,214 income − $3,087 expenses = $873 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,044
Downpayment
20%
$75,280
Closing costs
1%
$3,764
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,214
Total Expenses
$3,087
Mortgage P&I
92%
$2,037
Property Taxes
15%
$341
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0