This property looks like a bad Long-Term investment with a projected -1.93% first-year return on $79,779 initial cash invested.
-1.93%
Cash On Cash
6.26%
Cap Rate
1.01
DSCR
$3,051
Rent
-$128
Cashflow
Cash Flow
$3,051 income − $3,179 expenses = $128 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,051
Total Expenses
$3,179
Mortgage P&I
64%
$1,956
Property Taxes
10%
$296
Home Insurance
4%
$133
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0