This property looks like a bad Long-Term investment with a projected -18.61% first-year return on $81,879 initial cash invested.
-18.61%
Cash On Cash
2.96%
Cap Rate
0.45
DSCR
$1,513
Rent
-$1,270
Cashflow
Cash Flow
$1,513 income − $2,783 expenses = $1,270 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,513
Total Expenses
$2,783
Mortgage P&I
143%
$2,156
Property Taxes
6%
$97
Home Insurance
9%
$136
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0