This property looks like a bad Long-Term investment with a projected -8.1% first-year return on $79,695 initial cash invested.
-8.1%
Cash On Cash
5.3%
Cap Rate
0.8
DSCR
$2,392
Rent
-$538
Cashflow
Cash Flow
$2,392 income − $2,930 expenses = $538 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,695
Downpayment
20%
$75,900
Closing costs
1%
$3,795
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,392
Total Expenses
$2,930
Mortgage P&I
88%
$2,093
Property Taxes
3%
$81
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0