This property looks like a bad Long-Term investment with a projected -15.01% first-year return on $79,800 initial cash invested.
-15.01%
Cash On Cash
3.45%
Cap Rate
0.55
DSCR
$2,038
Rent
-$998
Cashflow
Cash Flow
$2,038 income − $3,036 expenses = $998 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,800
Downpayment
20%
$76,000
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,038
Total Expenses
$3,036
Mortgage P&I
98%
$1,987
Property Taxes
19%
$384
Home Insurance
7%
$135
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0