This property looks like a bad Long-Term investment with a projected -18.61% first-year return on $81,879 initial cash invested.
-18.61%
Cash On Cash
3%
Cap Rate
0.45
DSCR
$1,723
Rent
-$1,270
Cashflow
Cash Flow
$1,723 income − $2,993 expenses = $1,270 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,723
Total Expenses
$2,993
Mortgage P&I
125%
$2,160
Property Taxes
15%
$250
Home Insurance
8%
$136
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0