This property looks like a bad Long-Term investment with a projected -10.52% first-year return on $81,879 initial cash invested.
-10.52%
Cash On Cash
4.61%
Cap Rate
0.72
DSCR
$2,423
Rent
-$718
Cashflow
Cash Flow
$2,423 income − $3,141 expenses = $718 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,423
Total Expenses
$3,141
Mortgage P&I
86%
$2,095
Property Taxes
9%
$226
Home Insurance
6%
$136
HOA
2%
$55
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0