This property looks like a bad Long-Term investment with a projected -21.96% first-year return on $81,690 initial cash invested.
-21.96%
Cash On Cash
2.23%
Cap Rate
0.34
DSCR
$1,288
Rent
-$1,495
Cashflow
Cash Flow
$1,288 income − $2,783 expenses = $1,495 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,288
Total Expenses
$2,783
Mortgage P&I
167%
$2,155
Property Taxes
12%
$158
Home Insurance
11%
$136
HOA
0%
$0
Property Management
10%
$129
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0