This property looks like a bad Long-Term investment with a projected -14.61% first-year return on $82,110 initial cash invested.
-14.61%
Cash On Cash
3.77%
Cap Rate
0.58
DSCR
$2,251
Rent
-$1,000
Cashflow
Cash Flow
$2,251 income − $3,251 expenses = $1,000 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,110
Downpayment
20%
$78,200
Closing costs
1%
$3,910
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,251
Total Expenses
$3,251
Mortgage P&I
94%
$2,116
Property Taxes
18%
$411
Home Insurance
6%
$138
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0