This property looks like a bad Long-Term investment with a projected -14.03% first-year return on $79,821 initial cash invested.
-14.03%
Cash On Cash
3.96%
Cap Rate
0.6
DSCR
$2,090
Rent
-$933
Cashflow
Cash Flow
$2,090 income − $3,023 expenses = $933 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,821
Downpayment
20%
$76,020
Closing costs
1%
$3,801
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,090
Total Expenses
$3,023
Mortgage P&I
100%
$2,082
Property Taxes
13%
$264
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0