This property looks like a bad Long-Term investment with a projected -17.88% first-year return on $79,800 initial cash invested.
-17.88%
Cash On Cash
3.21%
Cap Rate
0.48
DSCR
$1,739
Rent
-$1,189
Cashflow
Cash Flow
$1,739 income − $2,928 expenses = $1,189 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,800
Downpayment
20%
$76,000
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,739
Total Expenses
$2,928
Mortgage P&I
122%
$2,117
Property Taxes
12%
$201
Home Insurance
9%
$158
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0