This property looks like a bad Long-Term investment with a projected -21.48% first-year return on $81,690 initial cash invested.
-21.48%
Cash On Cash
1.83%
Cap Rate
0.3
DSCR
$1,470
Rent
-$1,462
Cashflow
Cash Flow
$1,470 income − $2,932 expenses = $1,462 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,690
Downpayment
20%
$77,800
Closing costs
1%
$3,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,470
Total Expenses
$2,932
Mortgage P&I
135%
$1,981
Property Taxes
29%
$432
Home Insurance
9%
$136
HOA
0%
$0
Property Management
10%
$147
CapEx
5%
$74
Vacancy
6%
$88
Maintenance
5%
$74
Other
0%
$0