This property looks like a bad Long-Term investment with a projected -15.62% first-year return on $81,690 initial cash invested.
-15.62%
Cash On Cash
3.56%
Cap Rate
0.54
DSCR
$1,839
Rent
-$1,063
Cashflow
Cash Flow
$1,839 income − $2,902 expenses = $1,063 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,839
Total Expenses
$2,902
Mortgage P&I
116%
$2,126
Property Taxes
9%
$162
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0