This property looks like a bad Long-Term investment with a projected -12.41% first-year return on $81,690 initial cash invested.
-12.41%
Cash On Cash
4.23%
Cap Rate
0.65
DSCR
$2,367
Rent
-$845
Cashflow
Cash Flow
$2,367 income − $3,212 expenses = $845 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
$2,367
Total Expenses
$3,212
Mortgage P&I
89%
$2,098
Property Taxes
15%
$363
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0