This property looks like a bad Long-Term investment with a projected -10.83% first-year return on $81,690 initial cash invested.
-10.83%
Cash On Cash
4.2%
Cap Rate
0.68
DSCR
$2,146
Rent
-$737
Cashflow
Cash Flow
$2,146 income − $2,883 expenses = $737 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,690
Downpayment
20%
$77,800
Closing costs
1%
$3,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,146
Total Expenses
$2,883
Mortgage P&I
93%
$1,990
Property Taxes
9%
$199
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0