This property looks like a bad Long-Term investment with a projected -11.01% first-year return on $79,800 initial cash invested.
-11.01%
Cash On Cash
4.09%
Cap Rate
0.67
DSCR
$1,869
Rent
-$732
Cashflow
Cash Flow
$1,869 income − $2,601 expenses = $732 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,869
Total Expenses
$2,601
Mortgage P&I
103%
$1,934
Property Taxes
3%
$49
Home Insurance
7%
$133
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0