This property looks like a bad Long-Term investment with a projected -16.66% first-year return on $79,800 initial cash invested.
-16.66%
Cash On Cash
3.46%
Cap Rate
0.52
DSCR
$1,759
Rent
-$1,108
Cashflow
Cash Flow
$1,759 income − $2,867 expenses = $1,108 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
$1,759
Total Expenses
$2,867
Mortgage P&I
120%
$2,115
Property Taxes
9%
$161
Home Insurance
8%
$133
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0