This property looks like a bad Long-Term investment with a projected -23.38% first-year return on $79,798 initial cash invested.
-23.38%
Cash On Cash
2.07%
Cap Rate
0.31
DSCR
$1,853
Rent
-$1,555
Cashflow
Cash Flow
$1,853 income − $3,408 expenses = $1,555 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,798
Downpayment
20%
$75,998
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,853
Total Expenses
$3,408
Mortgage P&I
114%
$2,119
Property Taxes
34%
$632
Home Insurance
7%
$133
HOA
2%
$42
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0