This property looks like a bad Long-Term investment with a projected -7.03% first-year return on $81,900 initial cash invested.
-7.03%
Cash On Cash
5.14%
Cap Rate
0.84
DSCR
$3,041
Rent
-$480
Cashflow
Cash Flow
$3,041 income − $3,521 expenses = $480 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,041
Total Expenses
$3,521
Mortgage P&I
66%
$1,997
Property Taxes
20%
$598
Home Insurance
4%
$136
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0