This property looks like a bad Long-Term investment with a projected -11.83% first-year return on $79,926 initial cash invested.
-11.83%
Cash On Cash
4.34%
Cap Rate
0.68
DSCR
$2,623
Rent
-$788
Cashflow
Cash Flow
$2,623 income − $3,411 expenses = $788 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,926
Downpayment
20%
$76,120
Closing costs
1%
$3,806
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,623
Total Expenses
$3,411
Mortgage P&I
78%
$2,034
Property Taxes
22%
$565
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0