This property looks like a bad Long-Term investment with a projected -12.77% first-year return on $79,905 initial cash invested.
-12.77%
Cash On Cash
3.94%
Cap Rate
0.64
DSCR
$2,755
Rent
-$850
Cashflow
Cash Flow
$2,755 income − $3,605 expenses = $850 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,905
Downpayment
20%
$76,100
Closing costs
1%
$3,805
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,755
Total Expenses
$3,605
Mortgage P&I
71%
$1,962
Property Taxes
29%
$796
Home Insurance
5%
$130
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0