This property looks like a bad Long-Term investment with a projected -13.27% first-year return on $79,779 initial cash invested.
-13.27%
Cash On Cash
4.16%
Cap Rate
0.63
DSCR
$2,258
Rent
-$882
Cashflow
Cash Flow
$2,258 income − $3,140 expenses = $882 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,258
Total Expenses
$3,140
Mortgage P&I
92%
$2,086
Property Taxes
15%
$334
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0