This property looks like a bad Long-Term investment with a projected -0.9% first-year return on $79,779 initial cash invested.
-0.9%
Cash On Cash
6.49%
Cap Rate
1.04
DSCR
$2,966
Rent
-$60
Cashflow
Cash Flow
$2,966 income − $3,026 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,966
Total Expenses
$3,026
Mortgage P&I
66%
$1,966
Property Taxes
5%
$156
Home Insurance
4%
$133
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0