This property looks like a bad Long-Term investment with a projected -15.68% first-year return on $81,900 initial cash invested.
-15.68%
Cash On Cash
3.71%
Cap Rate
0.55
DSCR
$2,069
Rent
-$1,070
Cashflow
Cash Flow
$2,069 income − $3,139 expenses = $1,070 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,069
Total Expenses
$3,139
Mortgage P&I
105%
$2,172
Property Taxes
14%
$294
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0