This property looks like a bad Long-Term investment with a projected -12.98% first-year return on $79,527 initial cash invested.
-12.98%
Cash On Cash
4%
Cap Rate
0.63
DSCR
$2,123
Rent
-$860
Cashflow
Cash Flow
$2,123 income − $2,983 expenses = $860 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,527
Downpayment
20%
$75,740
Closing costs
1%
$3,787
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,123
Total Expenses
$2,983
Mortgage P&I
95%
$2,015
Property Taxes
10%
$216
Home Insurance
9%
$201
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0