This property looks like a bad Long-Term investment with a projected -18.23% first-year return on $81,879 initial cash invested.
-18.23%
Cash On Cash
2.98%
Cap Rate
0.46
DSCR
$1,879
Rent
-$1,244
Cashflow
Cash Flow
$1,879 income − $3,123 expenses = $1,244 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,879
Total Expenses
$3,123
Mortgage P&I
113%
$2,119
Property Taxes
20%
$379
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0