This property looks like a bad Long-Term investment with a projected -9.49% first-year return on $79,821 initial cash invested.
-9.49%
Cash On Cash
4.54%
Cap Rate
0.73
DSCR
$2,206
Rent
-$631
Cashflow
Cash Flow
$2,206 income − $2,837 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,821
Downpayment
20%
$76,020
Closing costs
1%
$3,801
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,206
Total Expenses
$2,837
Mortgage P&I
89%
$1,959
Property Taxes
7%
$165
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0