This property looks like a bad Long-Term investment with a projected -17.43% first-year return on $81,879 initial cash invested.
-17.43%
Cash On Cash
3.18%
Cap Rate
0.48
DSCR
$1,712
Rent
-$1,189
Cashflow
Cash Flow
$1,712 income − $2,901 expenses = $1,189 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,712
Total Expenses
$2,901
Mortgage P&I
125%
$2,136
Property Taxes
9%
$158
Home Insurance
8%
$136
HOA
1%
$25
Property Management
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0