This property looks like a bad Long-Term investment with a projected -4.63% first-year return on $80,010 initial cash invested.
-4.63%
Cash On Cash
5.72%
Cap Rate
0.92
DSCR
$2,874
Rent
-$309
Cashflow
Cash Flow
$2,874 income − $3,183 expenses = $309 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,010
Downpayment
20%
$76,200
Closing costs
1%
$3,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,874
Total Expenses
$3,183
Mortgage P&I
69%
$1,980
Property Taxes
11%
$320
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0