This property looks like a bad Long-Term investment with a projected -18.89% first-year return on $81,816 initial cash invested.
-18.89%
Cash On Cash
2.84%
Cap Rate
0.44
DSCR
$2,118
Rent
-$1,288
Cashflow
Cash Flow
$2,118 income − $3,406 expenses = $1,288 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,816
Downpayment
20%
$77,920
Closing costs
1%
$3,896
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,118
Total Expenses
$3,406
Mortgage P&I
99%
$2,104
Property Taxes
29%
$615
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0