This property looks like a bad Long-Term investment with a projected -20.99% first-year return on $81,543 initial cash invested.
-20.99%
Cash On Cash
2.65%
Cap Rate
0.39
DSCR
$1,820
Rent
-$1,426
Cashflow
Cash Flow
$1,820 income − $3,246 expenses = $1,426 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,543
Downpayment
20%
$77,660
Closing costs
1%
$3,883
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,820
Total Expenses
$3,246
Mortgage P&I
120%
$2,191
Property Taxes
24%
$442
Home Insurance
8%
$140
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0