This property looks like a bad Long-Term investment with a projected -16.4% first-year return on $79,590 initial cash invested.
-16.4%
Cash On Cash
3.13%
Cap Rate
0.5
DSCR
$1,816
Rent
-$1,088
Cashflow
Cash Flow
$1,816 income − $2,904 expenses = $1,088 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,816
Total Expenses
$2,904
Mortgage P&I
109%
$1,985
Property Taxes
15%
$273
Home Insurance
8%
$140
HOA
2%
$33
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0