This property looks like a bad Long-Term investment with a projected -14.53% first-year return on $79,968 initial cash invested.
-14.53%
Cash On Cash
4.02%
Cap Rate
0.6
DSCR
$2,630
Rent
-$968
Cashflow
Cash Flow
$2,630 income − $3,598 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,968
Downpayment
20%
$76,160
Closing costs
1%
$3,808
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,630
Total Expenses
$3,598
Mortgage P&I
80%
$2,113
Property Taxes
25%
$664
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0