This property looks like a bad Long-Term investment with a projected -17.82% first-year return on $81,900 initial cash invested.
-17.82%
Cash On Cash
2.7%
Cap Rate
0.44
DSCR
$1,557
Rent
-$1,216
Cashflow
Cash Flow
$1,557 income − $2,773 expenses = $1,216 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,557
Total Expenses
$2,773
Mortgage P&I
129%
$2,015
Property Taxes
12%
$192
Home Insurance
9%
$136
HOA
2%
$25
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0