This property looks like a bad Long-Term investment with a projected -12.17% first-year return on $79,989 initial cash invested.
-12.17%
Cash On Cash
4.37%
Cap Rate
0.66
DSCR
$2,006
Rent
-$811
Cashflow
Cash Flow
$2,006 income − $2,817 expenses = $811 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,989
Downpayment
20%
$76,180
Closing costs
1%
$3,809
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,006
Total Expenses
$2,817
Mortgage P&I
105%
$2,098
Property Taxes
3%
$58
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0