This property looks like a bad Long-Term investment with a projected -19.45% first-year return on $79,779 initial cash invested.
-19.45%
Cash On Cash
2.88%
Cap Rate
0.44
DSCR
$2,532
Rent
-$1,293
Cashflow
Cash Flow
$2,532 income − $3,825 expenses = $1,293 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,532
Total Expenses
$3,825
Mortgage P&I
82%
$2,078
Property Taxes
35%
$892
Home Insurance
5%
$133
HOA
2%
$63
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0