This property looks like a bad Long-Term investment with a projected -2.9% first-year return on $79,790 initial cash invested.
-2.9%
Cash On Cash
6.19%
Cap Rate
0.97
DSCR
$2,680
Rent
-$193
Cashflow
Cash Flow
$2,680 income − $2,873 expenses = $193 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,790
Downpayment
20%
$75,990
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,680
Total Expenses
$2,873
Mortgage P&I
75%
$2,020
Property Taxes
1%
$23
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0