This property looks like a bad Long-Term investment with a projected -16.91% first-year return on $81,690 initial cash invested.
-16.91%
Cash On Cash
2.86%
Cap Rate
0.46
DSCR
$1,615
Rent
-$1,151
Cashflow
Cash Flow
$1,615 income − $2,766 expenses = $1,151 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
$1,615
Total Expenses
$2,766
Mortgage P&I
124%
$1,998
Property Taxes
13%
$211
Home Insurance
8%
$136
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0