This property looks like a bad Long-Term investment with a projected -20.94% first-year return on $81,900 initial cash invested.
-20.94%
Cash On Cash
2.42%
Cap Rate
0.37
DSCR
$1,641
Rent
-$1,429
Cashflow
Cash Flow
$1,641 income − $3,070 expenses = $1,429 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,641
Total Expenses
$3,070
Mortgage P&I
130%
$2,133
Property Taxes
23%
$375
Home Insurance
8%
$136
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0