This property looks like a bad Long-Term investment with a projected -8.51% first-year return on $79,798 initial cash invested.
-8.51%
Cash On Cash
4.84%
Cap Rate
0.77
DSCR
$2,159
Rent
-$566
Cashflow
Cash Flow
$2,159 income − $2,725 expenses = $566 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,798
Downpayment
20%
$75,998
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,159
Total Expenses
$2,725
Mortgage P&I
92%
$1,991
Property Taxes
0%
$9
Home Insurance
6%
$133
HOA
1%
$30
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0