This property looks like a bad Long-Term investment with a projected -15.34% first-year return on $81,879 initial cash invested.
-15.34%
Cash On Cash
3.63%
Cap Rate
0.55
DSCR
$1,877
Rent
-$1,047
Cashflow
Cash Flow
$1,877 income − $2,924 expenses = $1,047 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,877
Total Expenses
$2,924
Mortgage P&I
114%
$2,133
Property Taxes
9%
$166
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0