This property looks like a bad Long-Term investment with a projected -9.81% first-year return on $79,653 initial cash invested.
-9.81%
Cash On Cash
4.43%
Cap Rate
0.73
DSCR
$2,436
Rent
-$651
Cashflow
Cash Flow
$2,436 income − $3,087 expenses = $651 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,653
Downpayment
20%
$75,860
Closing costs
1%
$3,793
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,436
Total Expenses
$3,087
Mortgage P&I
79%
$1,928
Property Taxes
16%
$390
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0