This property looks like a bad Long-Term investment with a projected -10.02% first-year return on $80,031 initial cash invested.
-10.02%
Cash On Cash
4.79%
Cap Rate
0.75
DSCR
$2,950
Rent
-$668
Cashflow
Cash Flow
$2,950 income − $3,618 expenses = $668 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,031
Downpayment
20%
$76,220
Closing costs
1%
$3,811
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,950
Total Expenses
$3,618
Mortgage P&I
69%
$2,042
Property Taxes
19%
$546
Home Insurance
9%
$262
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0