This property looks like a bad Long-Term investment with a projected -14.66% first-year return on $81,669 initial cash invested.
-14.66%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$2,152
Rent
-$998
Cashflow
Cash Flow
$2,152 income − $3,150 expenses = $998 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,669
Downpayment
20%
$77,780
Closing costs
1%
$3,889
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,152
Total Expenses
$3,150
Mortgage P&I
98%
$2,116
Property Taxes
16%
$334
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0