This property looks like a bad Long-Term investment with a projected -14.3% first-year return on $81,879 initial cash invested.
-14.3%
Cash On Cash
3.31%
Cap Rate
0.55
DSCR
$1,658
Rent
-$976
Cashflow
Cash Flow
$1,658 income − $2,634 expenses = $976 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,658
Total Expenses
$2,634
Mortgage P&I
119%
$1,967
Property Taxes
6%
$100
Home Insurance
8%
$136
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0