This property looks like a bad Long-Term investment with a projected -12.58% first-year return on $79,821 initial cash invested.
-12.58%
Cash On Cash
4.47%
Cap Rate
0.66
DSCR
$2,368
Rent
-$837
Cashflow
Cash Flow
$2,368 income − $3,205 expenses = $837 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,821
Downpayment
20%
$76,020
Closing costs
1%
$3,801
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,368
Total Expenses
$3,205
Mortgage P&I
90%
$2,136
Property Taxes
12%
$288
Home Insurance
6%
$136
HOA
1%
$30
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0