This property looks like a bad Long-Term investment with a projected -11.85% first-year return on $81,837 initial cash invested.
-11.85%
Cash On Cash
4.27%
Cap Rate
0.66
DSCR
$2,173
Rent
-$808
Cashflow
Cash Flow
$2,173 income − $2,981 expenses = $808 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,837
Downpayment
20%
$77,940
Closing costs
1%
$3,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,173
Total Expenses
$2,981
Mortgage P&I
96%
$2,085
Property Taxes
9%
$187
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0