This property looks like a bad Long-Term investment with a projected -19.64% first-year return on $82,005 initial cash invested.
-19.64%
Cash On Cash
2.4%
Cap Rate
0.39
DSCR
$2,726
Rent
-$1,342
Cashflow
Cash Flow
$2,726 income − $4,068 expenses = $1,342 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,005
Downpayment
20%
$78,100
Closing costs
1%
$3,905
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,726
Total Expenses
$4,068
Mortgage P&I
73%
$1,988
Property Taxes
41%
$1,119
Home Insurance
5%
$141
HOA
4%
$111
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0