This property looks like a bad Long-Term investment with a projected -5.99% first-year return on $79,779 initial cash invested.
-5.99%
Cash On Cash
5.27%
Cap Rate
0.87
DSCR
$2,781
Rent
-$398
Cashflow
Cash Flow
$2,781 income − $3,179 expenses = $398 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,781
Total Expenses
$3,179
Mortgage P&I
69%
$1,927
Property Taxes
14%
$396
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0