This property looks like a bad Long-Term investment with a projected -13.62% first-year return on $79,800 initial cash invested.
-13.62%
Cash On Cash
4.12%
Cap Rate
0.62
DSCR
$2,277
Rent
-$906
Cashflow
Cash Flow
$2,277 income − $3,183 expenses = $906 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,277
Total Expenses
$3,183
Mortgage P&I
92%
$2,097
Property Taxes
16%
$358
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0