This property looks like a bad Long-Term investment with a projected -19.59% first-year return on $81,522 initial cash invested.
-19.59%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$1,831
Rent
-$1,331
Cashflow
Cash Flow
$1,831 income − $3,162 expenses = $1,331 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,522
Downpayment
20%
$77,640
Closing costs
1%
$3,882
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,831
Total Expenses
$3,162
Mortgage P&I
117%
$2,139
Property Taxes
22%
$406
Home Insurance
8%
$140
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0