This property looks like a bad Long-Term investment with a projected -18.48% first-year return on $81,312 initial cash invested.
-18.48%
Cash On Cash
3.21%
Cap Rate
0.48
DSCR
$2,626
Rent
-$1,252
Cashflow
Cash Flow
$2,626 income − $3,878 expenses = $1,252 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,312
Downpayment
20%
$77,440
Closing costs
1%
$3,872
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,626
Total Expenses
$3,878
Mortgage P&I
82%
$2,158
Property Taxes
32%
$853
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0