This property looks like a bad Long-Term investment with a projected -11.76% first-year return on $79,779 initial cash invested.
-11.76%
Cash On Cash
4.48%
Cap Rate
0.69
DSCR
$2,662
Rent
-$782
Cashflow
Cash Flow
$2,662 income − $3,444 expenses = $782 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,662
Total Expenses
$3,444
Mortgage P&I
78%
$2,066
Property Taxes
21%
$553
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0