This property looks like a bad Long-Term investment with a projected -11.72% first-year return on $80,094 initial cash invested.
-11.72%
Cash On Cash
4.27%
Cap Rate
0.67
DSCR
$2,233
Rent
-$782
Cashflow
Cash Flow
$2,233 income − $3,015 expenses = $782 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,094
Downpayment
20%
$76,280
Closing costs
1%
$3,814
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,233
Total Expenses
$3,015
Mortgage P&I
91%
$2,028
Property Taxes
11%
$250
Home Insurance
6%
$136
HOA
1%
$20
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0