This property looks like a bad Long-Term investment with a projected -24.65% first-year return on $81,690 initial cash invested.
-24.65%
Cash On Cash
1.58%
Cap Rate
0.24
DSCR
$1,024
Rent
-$1,678
Cashflow
Cash Flow
$1,024 income − $2,702 expenses = $1,678 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,024
Total Expenses
$2,702
Mortgage P&I
209%
$2,139
Property Taxes
16%
$162
Home Insurance
13%
$136
HOA
0%
$0
Property Management
10%
$102
CapEx
5%
$51
Vacancy
6%
$61
Maintenance
5%
$51
Other
0%
$0