This property looks like a bad Long-Term investment with a projected -14.9% first-year return on $81,690 initial cash invested.
-14.9%
Cash On Cash
3.87%
Cap Rate
0.58
DSCR
$1,995
Rent
-$1,014
Cashflow
Cash Flow
$1,995 income − $3,009 expenses = $1,014 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,995
Total Expenses
$3,009
Mortgage P&I
109%
$2,167
Property Taxes
9%
$182
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0