This property looks like a bad Long-Term investment with a projected -9.96% first-year return on $81,837 initial cash invested.
-9.96%
Cash On Cash
4.89%
Cap Rate
0.74
DSCR
$2,637
Rent
-$679
Cashflow
Cash Flow
$2,637 income − $3,316 expenses = $679 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,837
Downpayment
20%
$77,940
Closing costs
1%
$3,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,637
Total Expenses
$3,316
Mortgage P&I
81%
$2,136
Property Taxes
14%
$358
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0