This property looks like a bad Long-Term investment with a projected -9.22% first-year return on $79,611 initial cash invested.
-9.22%
Cash On Cash
4.84%
Cap Rate
0.75
DSCR
$2,302
Rent
-$612
Cashflow
Cash Flow
$2,302 income − $2,914 expenses = $612 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,611
Downpayment
20%
$75,820
Closing costs
1%
$3,791
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,302
Total Expenses
$2,914
Mortgage P&I
88%
$2,025
Property Taxes
6%
$138
Home Insurance
6%
$133
HOA
1%
$20
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0