This property looks like a bad Long-Term investment with a projected -11.66% first-year return on $79,779 initial cash invested.
-11.66%
Cash On Cash
4.3%
Cap Rate
0.67
DSCR
$1,989
Rent
-$775
Cashflow
Cash Flow
$1,989 income − $2,764 expenses = $775 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
$1,989
Total Expenses
$2,764
Mortgage P&I
102%
$2,036
Property Taxes
4%
$79
Home Insurance
7%
$133
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0