This property looks like a bad Long-Term investment with a projected -6.43% first-year return on $80,010 initial cash invested.
-6.43%
Cash On Cash
5.53%
Cap Rate
0.86
DSCR
$2,886
Rent
-$429
Cashflow
Cash Flow
$2,886 income − $3,315 expenses = $429 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,010
Downpayment
20%
$76,200
Closing costs
1%
$3,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,886
Total Expenses
$3,315
Mortgage P&I
71%
$2,040
Property Taxes
13%
$389
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0