This property looks like a bad Long-Term investment with a projected -11.31% first-year return on $79,863 initial cash invested.
-11.31%
Cash On Cash
4.72%
Cap Rate
0.71
DSCR
$2,850
Rent
-$753
Cashflow
Cash Flow
$2,850 income − $3,603 expenses = $753 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,863
Downpayment
20%
$76,060
Closing costs
1%
$3,803
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,850
Total Expenses
$3,603
Mortgage P&I
74%
$2,108
Property Taxes
22%
$620
Home Insurance
5%
$135
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0