This property looks like a bad Long-Term investment with a projected -17.31% first-year return on $81,879 initial cash invested.
-17.31%
Cash On Cash
2.78%
Cap Rate
0.45
DSCR
$1,827
Rent
-$1,181
Cashflow
Cash Flow
$1,827 income − $3,008 expenses = $1,181 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,827
Total Expenses
$3,008
Mortgage P&I
109%
$1,993
Property Taxes
22%
$404
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0