This property looks like a bad Long-Term investment with a projected -13.18% first-year return on $79,842 initial cash invested.
-13.18%
Cash On Cash
3.96%
Cap Rate
0.62
DSCR
$2,336
Rent
-$877
Cashflow
Cash Flow
$2,336 income − $3,213 expenses = $877 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,842
Downpayment
20%
$76,040
Closing costs
1%
$3,802
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,336
Total Expenses
$3,213
Mortgage P&I
86%
$2,016
Property Taxes
18%
$416
Home Insurance
6%
$136
HOA
2%
$37
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0