This property looks like a bad Long-Term investment with a projected -9.78% first-year return on $79,779 initial cash invested.
-9.78%
Cash On Cash
4.4%
Cap Rate
0.72
DSCR
$2,106
Rent
-$650
Cashflow
Cash Flow
$2,106 income − $2,756 expenses = $650 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,106
Total Expenses
$2,756
Mortgage P&I
92%
$1,938
Property Taxes
7%
$138
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0