This property looks like a bad Long-Term investment with a projected -16.73% first-year return on $81,900 initial cash invested.
-16.73%
Cash On Cash
3.38%
Cap Rate
0.51
DSCR
$2,088
Rent
-$1,142
Cashflow
Cash Flow
$2,088 income − $3,230 expenses = $1,142 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,088
Total Expenses
$3,230
Mortgage P&I
102%
$2,136
Property Taxes
20%
$416
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0