This property looks like a bad Long-Term investment with a projected -22.53% first-year return on $81,501 initial cash invested.
-22.53%
Cash On Cash
2.09%
Cap Rate
0.32
DSCR
$1,406
Rent
-$1,530
Cashflow
Cash Flow
$1,406 income − $2,936 expenses = $1,530 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,501
Downpayment
20%
$77,620
Closing costs
1%
$3,881
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,406
Total Expenses
$2,936
Mortgage P&I
152%
$2,137
Property Taxes
21%
$294
Home Insurance
10%
$140
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0