This property looks like a bad Long-Term investment with a projected -22.92% first-year return on $81,837 initial cash invested.
-22.92%
Cash On Cash
2.37%
Cap Rate
0.35
DSCR
$2,322
Rent
-$1,563
Cashflow
Cash Flow
$2,322 income − $3,885 expenses = $1,563 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,837
Downpayment
20%
$77,940
Closing costs
1%
$3,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,322
Total Expenses
$3,885
Mortgage P&I
95%
$2,217
Property Taxes
19%
$439
Home Insurance
6%
$141
HOA
21%
$485
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0