This property looks like a bad Long-Term investment with a projected -13.63% first-year return on $79,779 initial cash invested.
-13.63%
Cash On Cash
4.24%
Cap Rate
0.63
DSCR
$2,101
Rent
-$906
Cashflow
Cash Flow
$2,101 income − $3,007 expenses = $906 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,101
Total Expenses
$3,007
Mortgage P&I
102%
$2,144
Property Taxes
9%
$181
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0