This property looks like a bad Long-Term investment with a projected -9.31% first-year return on $81,879 initial cash invested.
-9.31%
Cash On Cash
4.84%
Cap Rate
0.75
DSCR
$2,228
Rent
-$635
Cashflow
Cash Flow
$2,228 income − $2,863 expenses = $635 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,228
Total Expenses
$2,863
Mortgage P&I
94%
$2,095
Property Taxes
2%
$53
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0