This property looks like a bad Long-Term investment with a projected -9.05% first-year return on $81,690 initial cash invested.
-9.05%
Cash On Cash
4.53%
Cap Rate
0.75
DSCR
$2,352
Rent
-$616
Cashflow
Cash Flow
$2,352 income − $2,968 expenses = $616 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,352
Total Expenses
$2,968
Mortgage P&I
84%
$1,965
Property Taxes
11%
$255
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0