This property looks like a bad Long-Term investment with a projected -16.38% first-year return on $79,779 initial cash invested.
-16.38%
Cash On Cash
3.3%
Cap Rate
0.51
DSCR
$1,993
Rent
-$1,089
Cashflow
Cash Flow
$1,993 income − $3,082 expenses = $1,089 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,993
Total Expenses
$3,082
Mortgage P&I
102%
$2,035
Property Taxes
20%
$395
Home Insurance
7%
$133
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0