This property looks like a bad Long-Term investment with a projected -14.78% first-year return on $81,900 initial cash invested.
-14.78%
Cash On Cash
3.42%
Cap Rate
0.55
DSCR
$1,889
Rent
-$1,009
Cashflow
Cash Flow
$1,889 income − $2,898 expenses = $1,009 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,889
Total Expenses
$2,898
Mortgage P&I
107%
$2,025
Property Taxes
13%
$241
Home Insurance
8%
$142
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0