This property looks like a bad Long-Term investment with a projected -17.44% first-year return on $81,690 initial cash invested.
-17.44%
Cash On Cash
2.74%
Cap Rate
0.44
DSCR
$1,497
Rent
-$1,187
Cashflow
Cash Flow
$1,497 income − $2,684 expenses = $1,187 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,497
Total Expenses
$2,684
Mortgage P&I
134%
$1,999
Property Taxes
11%
$159
Home Insurance
9%
$136
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0