This property looks like a bad Long-Term investment with a projected -11.02% first-year return on $81,669 initial cash invested.
-11.02%
Cash On Cash
4.72%
Cap Rate
0.7
DSCR
$2,124
Rent
-$750
Cashflow
Cash Flow
$2,124 income − $2,874 expenses = $750 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,669
Downpayment
20%
$77,780
Closing costs
1%
$3,889
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,124
Total Expenses
$2,874
Mortgage P&I
102%
$2,173
Property Taxes
1%
$14
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0