This property looks like a bad Long-Term investment with a projected -4.84% first-year return on $80,010 initial cash invested.
-4.84%
Cash On Cash
5.97%
Cap Rate
0.91
DSCR
$2,732
Rent
-$323
Cashflow
Cash Flow
$2,732 income − $3,055 expenses = $323 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
$2,732
Total Expenses
$3,055
Mortgage P&I
76%
$2,081
Property Taxes
5%
$127
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0