This property looks like a bad Long-Term investment with a projected -10.3% first-year return on $79,800 initial cash invested.
-10.3%
Cash On Cash
4.65%
Cap Rate
0.72
DSCR
$2,239
Rent
-$685
Cashflow
Cash Flow
$2,239 income − $2,924 expenses = $685 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,800
Downpayment
20%
$76,000
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,239
Total Expenses
$2,924
Mortgage P&I
91%
$2,047
Property Taxes
8%
$176
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0