This property looks like a bad Long-Term investment with a projected -8.95% first-year return on $79,779 initial cash invested.
-8.95%
Cash On Cash
4.56%
Cap Rate
0.75
DSCR
$2,153
Rent
-$595
Cashflow
Cash Flow
$2,153 income − $2,748 expenses = $595 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,153
Total Expenses
$2,748
Mortgage P&I
90%
$1,932
Property Taxes
6%
$123
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0