This property looks like a bad Long-Term investment with a projected -20.15% first-year return on $81,879 initial cash invested.
-20.15%
Cash On Cash
2.54%
Cap Rate
0.39
DSCR
$1,658
Rent
-$1,375
Cashflow
Cash Flow
$1,658 income − $3,033 expenses = $1,375 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,658
Total Expenses
$3,033
Mortgage P&I
128%
$2,116
Property Taxes
21%
$350
Home Insurance
8%
$136
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0