This property looks like a bad Long-Term investment with a projected -9.03% first-year return on $78,960 initial cash invested.
-9.03%
Cash On Cash
5.03%
Cap Rate
0.77
DSCR
$2,255
Rent
-$594
Cashflow
Cash Flow
$2,255 income − $2,849 expenses = $594 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,960
Downpayment
20%
$75,200
Closing costs
1%
$3,760
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,255
Total Expenses
$2,849
Mortgage P&I
91%
$2,056
Property Taxes
2%
$51
Home Insurance
6%
$132
HOA
1%
$23
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0