This property looks like a bad Long-Term investment with a projected -10.73% first-year return on $81,942 initial cash invested.
-10.73%
Cash On Cash
4.38%
Cap Rate
0.7
DSCR
$2,650
Rent
-$733
Cashflow
Cash Flow
$2,650 income − $3,383 expenses = $733 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,942
Downpayment
20%
$78,040
Closing costs
1%
$3,902
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,650
Total Expenses
$3,383
Mortgage P&I
76%
$2,026
Property Taxes
20%
$517
Home Insurance
6%
$152
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0