This property looks like a bad Long-Term investment with a projected -14.81% first-year return on $81,690 initial cash invested.
-14.81%
Cash On Cash
3.33%
Cap Rate
0.54
DSCR
$1,754
Rent
-$1,008
Cashflow
Cash Flow
$1,754 income − $2,762 expenses = $1,008 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,690
Downpayment
20%
$77,800
Closing costs
1%
$3,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,754
Total Expenses
$2,762
Mortgage P&I
114%
$1,998
Property Taxes
10%
$172
Home Insurance
8%
$136
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0