This property looks like a bad Long-Term investment with a projected -10.68% first-year return on $80,010 initial cash invested.
-10.68%
Cash On Cash
4.77%
Cap Rate
0.72
DSCR
$2,603
Rent
-$712
Cashflow
Cash Flow
$2,603 income − $3,315 expenses = $712 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,603
Total Expenses
$3,315
Mortgage P&I
81%
$2,097
Property Taxes
16%
$420
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0