This property looks like a bad Long-Term investment with a projected -12.37% first-year return on $81,879 initial cash invested.
-12.37%
Cash On Cash
4.29%
Cap Rate
0.66
DSCR
$2,391
Rent
-$844
Cashflow
Cash Flow
$2,391 income − $3,235 expenses = $844 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,391
Total Expenses
$3,235
Mortgage P&I
89%
$2,118
Property Taxes
15%
$359
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$143
Maintenance
5%
$120
Other
0%
$0