This property looks like a bad Long-Term investment with a projected -8.52% first-year return on $80,010 initial cash invested.
-8.52%
Cash On Cash
5.16%
Cap Rate
0.79
DSCR
$2,437
Rent
-$568
Cashflow
Cash Flow
$2,437 income − $3,005 expenses = $568 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,010
Downpayment
20%
$76,200
Closing costs
1%
$3,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,437
Total Expenses
$3,005
Mortgage P&I
86%
$2,085
Property Taxes
6%
$142
Home Insurance
6%
$144
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0