This property looks like a bad Long-Term investment with a projected -11.37% first-year return on $79,779 initial cash invested.
-11.37%
Cash On Cash
4.09%
Cap Rate
0.67
DSCR
$2,175
Rent
-$756
Cashflow
Cash Flow
$2,175 income − $2,931 expenses = $756 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,175
Total Expenses
$2,931
Mortgage P&I
89%
$1,941
Property Taxes
6%
$135
Home Insurance
6%
$133
HOA
7%
$156
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0