This property looks like a bad Long-Term investment with a projected -15.87% first-year return on $81,879 initial cash invested.
-15.87%
Cash On Cash
3.51%
Cap Rate
0.53
DSCR
$1,786
Rent
-$1,083
Cashflow
Cash Flow
$1,786 income − $2,869 expenses = $1,083 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,786
Total Expenses
$2,869
Mortgage P&I
120%
$2,135
Property Taxes
8%
$134
Home Insurance
8%
$136
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0