This property looks like a bad Long-Term investment with a projected -16.39% first-year return on $81,249 initial cash invested.
-16.39%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$2,059
Rent
-$1,110
Cashflow
Cash Flow
$2,059 income − $3,169 expenses = $1,110 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,249
Downpayment
20%
$77,380
Closing costs
1%
$3,869
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,059
Total Expenses
$3,169
Mortgage P&I
103%
$2,121
Property Taxes
17%
$356
Home Insurance
8%
$156
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0