This property looks like a bad Long-Term investment with a projected -4.01% first-year return on $79,002 initial cash invested.
-4.01%
Cash On Cash
5.91%
Cap Rate
0.94
DSCR
$2,993
Rent
-$264
Cashflow
Cash Flow
$2,993 income − $3,257 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,002
Downpayment
20%
$75,240
Closing costs
1%
$3,762
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,993
Total Expenses
$3,257
Mortgage P&I
66%
$1,966
Property Taxes
13%
$381
Home Insurance
4%
$131
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0