This property looks like a bad Long-Term investment with a projected -19.97% first-year return on $82,131 initial cash invested.
-19.97%
Cash On Cash
2.75%
Cap Rate
0.41
DSCR
$1,992
Rent
-$1,367
Cashflow
Cash Flow
$1,992 income − $3,359 expenses = $1,367 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,131
Downpayment
20%
$78,220
Closing costs
1%
$3,911
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,992
Total Expenses
$3,359
Mortgage P&I
109%
$2,164
Property Taxes
27%
$538
Home Insurance
7%
$138
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0