This property looks like a bad Long-Term investment with a projected -11.47% first-year return on $79,737 initial cash invested.
-11.47%
Cash On Cash
4.52%
Cap Rate
0.69
DSCR
$2,136
Rent
-$762
Cashflow
Cash Flow
$2,136 income − $2,898 expenses = $762 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
$2,136
Total Expenses
$2,898
Mortgage P&I
98%
$2,086
Property Taxes
6%
$121
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0