This property looks like a bad Long-Term investment with a projected -8% first-year return on $79,989 initial cash invested.
-8%
Cash On Cash
5.32%
Cap Rate
0.81
DSCR
$2,647
Rent
-$533
Cashflow
Cash Flow
$2,647 income − $3,180 expenses = $533 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,989
Downpayment
20%
$76,180
Closing costs
1%
$3,809
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,647
Total Expenses
$3,180
Mortgage P&I
79%
$2,090
Property Taxes
10%
$267
Home Insurance
5%
$135
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0