This property looks like a bad Long-Term investment with a projected -15.22% first-year return on $81,585 initial cash invested.
-15.22%
Cash On Cash
3.79%
Cap Rate
0.57
DSCR
$2,042
Rent
-$1,035
Cashflow
Cash Flow
$2,042 income − $3,077 expenses = $1,035 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,585
Downpayment
20%
$77,700
Closing costs
1%
$3,885
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,042
Total Expenses
$3,077
Mortgage P&I
106%
$2,160
Property Taxes
12%
$250
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0