This property looks like a bad Long-Term investment with a projected -16.2% first-year return on $81,690 initial cash invested.
-16.2%
Cash On Cash
3.68%
Cap Rate
0.54
DSCR
$2,148
Rent
-$1,103
Cashflow
Cash Flow
$2,148 income − $3,251 expenses = $1,103 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,690
Downpayment
20%
$77,800
Closing costs
1%
$3,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,148
Total Expenses
$3,251
Mortgage P&I
102%
$2,189
Property Taxes
17%
$368
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0