This property looks like a bad Long-Term investment with a projected -11.67% first-year return on $79,800 initial cash invested.
-11.67%
Cash On Cash
4.45%
Cap Rate
0.68
DSCR
$2,408
Rent
-$776
Cashflow
Cash Flow
$2,408 income − $3,184 expenses = $776 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,800
Downpayment
20%
$76,000
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,408
Total Expenses
$3,184
Mortgage P&I
86%
$2,065
Property Taxes
15%
$361
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0