This property looks like a bad Long-Term investment with a projected -6.89% first-year return on $81,900 initial cash invested.
-6.89%
Cash On Cash
5.53%
Cap Rate
0.85
DSCR
$2,886
Rent
-$470
Cashflow
Cash Flow
$2,886 income − $3,356 expenses = $470 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,886
Total Expenses
$3,356
Mortgage P&I
74%
$2,124
Property Taxes
12%
$346
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0