This property looks like a bad Long-Term investment with a projected -15.95% first-year return on $81,921 initial cash invested.
-15.95%
Cash On Cash
3.7%
Cap Rate
0.56
DSCR
$2,503
Rent
-$1,089
Cashflow
Cash Flow
$2,503 income − $3,592 expenses = $1,089 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,921
Downpayment
20%
$78,020
Closing costs
1%
$3,901
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,503
Total Expenses
$3,592
Mortgage P&I
87%
$2,167
Property Taxes
26%
$642
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0