This property looks like a bad Long-Term investment with a projected -25.66% first-year return on $79,695 initial cash invested.
-25.66%
Cash On Cash
1.59%
Cap Rate
0.23
DSCR
$1,290
Rent
-$1,704
Cashflow
Cash Flow
$1,290 income − $2,994 expenses = $1,704 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,695
Downpayment
20%
$75,900
Closing costs
1%
$3,795
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,290
Total Expenses
$2,994
Mortgage P&I
166%
$2,143
Property Taxes
30%
$384
Home Insurance
10%
$133
HOA
0%
$0
Property Management
10%
$129
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0