This property looks like a bad Long-Term investment with a projected -11.82% first-year return on $78,960 initial cash invested.
-11.82%
Cash On Cash
4.43%
Cap Rate
0.67
DSCR
$2,100
Rent
-$778
Cashflow
Cash Flow
$2,100 income − $2,878 expenses = $778 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
$2,100
Total Expenses
$2,878
Mortgage P&I
98%
$2,060
Property Taxes
7%
$137
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0