This property looks like a bad Long-Term investment with a projected -12.92% first-year return on $79,905 initial cash invested.
-12.92%
Cash On Cash
3.73%
Cap Rate
0.61
DSCR
$2,012
Rent
-$860
Cashflow
Cash Flow
$2,012 income − $2,872 expenses = $860 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,905
Downpayment
20%
$76,100
Closing costs
1%
$3,805
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,012
Total Expenses
$2,872
Mortgage P&I
97%
$1,942
Property Taxes
13%
$271
Home Insurance
7%
$135
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0