This property looks like a bad Long-Term investment with a projected -7.76% first-year return on $81,669 initial cash invested.
-7.76%
Cash On Cash
5.1%
Cap Rate
0.81
DSCR
$2,831
Rent
-$528
Cashflow
Cash Flow
$2,831 income − $3,359 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,669
Downpayment
20%
$77,780
Closing costs
1%
$3,889
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,831
Total Expenses
$3,359
Mortgage P&I
72%
$2,039
Property Taxes
16%
$447
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0