This property looks like a bad Long-Term investment with a projected -14.65% first-year return on $79,947 initial cash invested.
-14.65%
Cash On Cash
3.62%
Cap Rate
0.57
DSCR
$1,917
Rent
-$976
Cashflow
Cash Flow
$1,917 income − $2,893 expenses = $976 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,947
Downpayment
20%
$76,140
Closing costs
1%
$3,807
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,917
Total Expenses
$2,893
Mortgage P&I
106%
$2,028
Property Taxes
14%
$268
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0