This property looks like a bad Long-Term investment with a projected -9.37% first-year return on $79,779 initial cash invested.
-9.37%
Cash On Cash
4.91%
Cap Rate
0.76
DSCR
$2,588
Rent
-$623
Cashflow
Cash Flow
$2,588 income − $3,211 expenses = $623 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,588
Total Expenses
$3,211
Mortgage P&I
79%
$2,048
Property Taxes
14%
$358
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0