This property looks like a bad Long-Term investment with a projected -13.53% first-year return on $81,879 initial cash invested.
-13.53%
Cash On Cash
4.06%
Cap Rate
0.61
DSCR
$1,894
Rent
-$923
Cashflow
Cash Flow
$1,894 income − $2,817 expenses = $923 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,894
Total Expenses
$2,817
Mortgage P&I
113%
$2,148
Property Taxes
2%
$40
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0