This property looks like a bad Long-Term investment with a projected -13.43% first-year return on $81,690 initial cash invested.
-13.43%
Cash On Cash
3.92%
Cap Rate
0.61
DSCR
$2,028
Rent
-$914
Cashflow
Cash Flow
$2,028 income − $2,942 expenses = $914 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,028
Total Expenses
$2,942
Mortgage P&I
103%
$2,083
Property Taxes
9%
$176
Home Insurance
7%
$136
HOA
1%
$20
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0