This property looks like a bad Long-Term investment with a projected -18.76% first-year return on $81,879 initial cash invested.
-18.76%
Cash On Cash
2.62%
Cap Rate
0.41
DSCR
$1,442
Rent
-$1,280
Cashflow
Cash Flow
$1,442 income − $2,722 expenses = $1,280 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,442
Total Expenses
$2,722
Mortgage P&I
143%
$2,058
Property Taxes
11%
$153
Home Insurance
9%
$136
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0