This property looks like a bad Long-Term investment with a projected -15.09% first-year return on $82,047 initial cash invested.
-15.09%
Cash On Cash
3.85%
Cap Rate
0.57
DSCR
$2,063
Rent
-$1,032
Cashflow
Cash Flow
$2,063 income − $3,095 expenses = $1,032 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,047
Downpayment
20%
$78,140
Closing costs
1%
$3,907
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,063
Total Expenses
$3,095
Mortgage P&I
106%
$2,184
Property Taxes
11%
$235
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0