This property looks like a bad Long-Term investment with a projected -18.41% first-year return on $79,716 initial cash invested.
-18.41%
Cash On Cash
2.6%
Cap Rate
0.43
DSCR
$2,390
Rent
-$1,223
Cashflow
Cash Flow
$2,390 income − $3,613 expenses = $1,223 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,716
Downpayment
20%
$75,920
Closing costs
1%
$3,796
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,390
Total Expenses
$3,613
Mortgage P&I
81%
$1,926
Property Taxes
17%
$401
Home Insurance
12%
$297
HOA
15%
$367
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$143
Maintenance
5%
$120
Other
0%
$0