This property looks like a bad Long-Term investment with a projected -14.31% first-year return on $79,506 initial cash invested.
-14.31%
Cash On Cash
3.8%
Cap Rate
0.59
DSCR
$2,149
Rent
-$948
Cashflow
Cash Flow
$2,149 income − $3,097 expenses = $948 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,149
Total Expenses
$3,097
Mortgage P&I
95%
$2,041
Property Taxes
17%
$363
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0