This property looks like a bad Long-Term investment with a projected -17.2% first-year return on $81,396 initial cash invested.
-17.2%
Cash On Cash
3.23%
Cap Rate
0.5
DSCR
$2,140
Rent
-$1,167
Cashflow
Cash Flow
$2,140 income − $3,307 expenses = $1,167 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,396
Downpayment
20%
$77,520
Closing costs
1%
$3,876
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,140
Total Expenses
$3,307
Mortgage P&I
98%
$2,102
Property Taxes
21%
$457
Home Insurance
9%
$184
HOA
0%
$8
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0