This property looks like a bad Long-Term investment with a projected -13.84% first-year return on $81,921 initial cash invested.
-13.84%
Cash On Cash
3.54%
Cap Rate
0.58
DSCR
$2,383
Rent
-$945
Cashflow
Cash Flow
$2,383 income − $3,328 expenses = $945 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,921
Downpayment
20%
$78,020
Closing costs
1%
$3,901
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,383
Total Expenses
$3,328
Mortgage P&I
83%
$1,976
Property Taxes
17%
$401
Home Insurance
6%
$140
HOA
8%
$192
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0