This property looks like a bad Long-Term investment with a projected -17.69% first-year return on $81,480 initial cash invested.
-17.69%
Cash On Cash
3.19%
Cap Rate
0.48
DSCR
$1,766
Rent
-$1,201
Cashflow
Cash Flow
$1,766 income − $2,967 expenses = $1,201 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,480
Downpayment
20%
$77,600
Closing costs
1%
$3,880
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,766
Total Expenses
$2,967
Mortgage P&I
122%
$2,146
Property Taxes
13%
$222
Home Insurance
8%
$140
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0