This property looks like a bad Long-Term investment with a projected -11.77% first-year return on $81,795 initial cash invested.
-11.77%
Cash On Cash
4.26%
Cap Rate
0.67
DSCR
$2,390
Rent
-$802
Cashflow
Cash Flow
$2,390 income − $3,192 expenses = $802 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,795
Downpayment
20%
$77,900
Closing costs
1%
$3,895
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,390
Total Expenses
$3,192
Mortgage P&I
86%
$2,064
Property Taxes
15%
$370
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$143
Maintenance
5%
$120
Other
0%
$0