This property looks like a bad Long-Term investment with a projected -13.19% first-year return on $79,779 initial cash invested.
-13.19%
Cash On Cash
4%
Cap Rate
0.63
DSCR
$2,515
Rent
-$877
Cashflow
Cash Flow
$2,515 income − $3,392 expenses = $877 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,515
Total Expenses
$3,392
Mortgage P&I
80%
$2,017
Property Taxes
23%
$587
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0