This property looks like a bad Long-Term investment with a projected -7.25% first-year return on $79,464 initial cash invested.
-7.25%
Cash On Cash
4.99%
Cap Rate
0.81
DSCR
$2,458
Rent
-$480
Cashflow
Cash Flow
$2,458 income − $2,938 expenses = $480 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,464
Downpayment
20%
$75,680
Closing costs
1%
$3,784
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,458
Total Expenses
$2,938
Mortgage P&I
78%
$1,929
Property Taxes
10%
$234
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0