This property looks like a bad Long-Term investment with a projected -17.02% first-year return on $81,648 initial cash invested.
-17.02%
Cash On Cash
3.2%
Cap Rate
0.5
DSCR
$2,001
Rent
-$1,158
Cashflow
Cash Flow
$2,001 income − $3,159 expenses = $1,158 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,648
Downpayment
20%
$77,760
Closing costs
1%
$3,888
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,001
Total Expenses
$3,159
Mortgage P&I
105%
$2,096
Property Taxes
20%
$403
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0