This property looks like a bad Long-Term investment with a projected -20.28% first-year return on $79,863 initial cash invested.
-20.28%
Cash On Cash
2.72%
Cap Rate
0.41
DSCR
$1,996
Rent
-$1,350
Cashflow
Cash Flow
$1,996 income − $3,346 expenses = $1,350 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,863
Downpayment
20%
$76,060
Closing costs
1%
$3,803
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,996
Total Expenses
$3,346
Mortgage P&I
106%
$2,111
Property Taxes
29%
$571
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0