This property looks like a bad Long-Term investment with a projected -12.97% first-year return on $79,737 initial cash invested.
-12.97%
Cash On Cash
4.19%
Cap Rate
0.64
DSCR
$2,077
Rent
-$862
Cashflow
Cash Flow
$2,077 income − $2,939 expenses = $862 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,737
Downpayment
20%
$75,940
Closing costs
1%
$3,797
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,077
Total Expenses
$2,939
Mortgage P&I
100%
$2,083
Property Taxes
8%
$175
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0