This property looks like a bad Long-Term investment with a projected -20.35% first-year return on $79,884 initial cash invested.
-20.35%
Cash On Cash
2.38%
Cap Rate
0.38
DSCR
$1,894
Rent
-$1,355
Cashflow
Cash Flow
$1,894 income − $3,249 expenses = $1,355 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,884
Downpayment
20%
$76,080
Closing costs
1%
$3,804
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,894
Total Expenses
$3,249
Mortgage P&I
106%
$2,016
Property Taxes
32%
$605
Home Insurance
7%
$135
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0