This property looks like a bad Long-Term investment with a projected -8.31% first-year return on $81,898 initial cash invested.
-8.31%
Cash On Cash
4.98%
Cap Rate
0.79
DSCR
$2,708
Rent
-$567
Cashflow
Cash Flow
$2,708 income − $3,275 expenses = $567 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,898
Downpayment
20%
$77,998
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,708
Total Expenses
$3,275
Mortgage P&I
76%
$2,052
Property Taxes
14%
$384
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0