This property looks like a bad Long-Term investment with a projected -13.46% first-year return on $79,695 initial cash invested.
-13.46%
Cash On Cash
3.89%
Cap Rate
0.61
DSCR
$1,974
Rent
-$894
Cashflow
Cash Flow
$1,974 income − $2,868 expenses = $894 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,695
Downpayment
20%
$75,900
Closing costs
1%
$3,795
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,974
Total Expenses
$2,868
Mortgage P&I
103%
$2,024
Property Taxes
10%
$195
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0