This property looks like a bad Long-Term investment with a projected -17.43% first-year return on $79,590 initial cash invested.
-17.43%
Cash On Cash
3.62%
Cap Rate
0.52
DSCR
$2,402
Rent
-$1,156
Cashflow
Cash Flow
$2,402 income − $3,558 expenses = $1,156 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,590
Downpayment
20%
$75,800
Closing costs
1%
$3,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,402
Total Expenses
$3,558
Mortgage P&I
91%
$2,178
Property Taxes
26%
$623
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0