This property looks like a bad Long-Term investment with a projected -15.39% first-year return on $81,690 initial cash invested.
-15.39%
Cash On Cash
3.67%
Cap Rate
0.55
DSCR
$1,738
Rent
-$1,048
Cashflow
Cash Flow
$1,738 income − $2,786 expenses = $1,048 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,738
Total Expenses
$2,786
Mortgage P&I
124%
$2,152
Property Taxes
3%
$46
Home Insurance
8%
$136
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0