This property looks like a bad Long-Term investment with a projected -17.98% first-year return on $81,312 initial cash invested.
-17.98%
Cash On Cash
3.29%
Cap Rate
0.49
DSCR
$2,611
Rent
-$1,218
Cashflow
Cash Flow
$2,611 income − $3,829 expenses = $1,218 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,312
Downpayment
20%
$77,440
Closing costs
1%
$3,872
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,611
Total Expenses
$3,829
Mortgage P&I
82%
$2,148
Property Taxes
33%
$861
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0