This property looks like a bad Long-Term investment with a projected -13.72% first-year return on $78,981 initial cash invested.
-13.72%
Cash On Cash
3.94%
Cap Rate
0.61
DSCR
$2,419
Rent
-$903
Cashflow
Cash Flow
$2,419 income − $3,322 expenses = $903 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,981
Downpayment
20%
$75,220
Closing costs
1%
$3,761
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,419
Total Expenses
$3,322
Mortgage P&I
83%
$2,018
Property Taxes
22%
$540
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0