This property looks like a bad Long-Term investment with a projected -11.94% first-year return on $79,779 initial cash invested.
-11.94%
Cash On Cash
4.02%
Cap Rate
0.65
DSCR
$1,930
Rent
-$794
Cashflow
Cash Flow
$1,930 income − $2,724 expenses = $794 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,930
Total Expenses
$2,724
Mortgage P&I
102%
$1,971
Property Taxes
6%
$119
Home Insurance
7%
$133
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0