This property looks like a bad Long-Term investment with a projected -11.39% first-year return on $81,837 initial cash invested.
-11.39%
Cash On Cash
4.48%
Cap Rate
0.69
DSCR
$2,481
Rent
-$777
Cashflow
Cash Flow
$2,481 income − $3,258 expenses = $777 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,837
Downpayment
20%
$77,940
Closing costs
1%
$3,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,481
Total Expenses
$3,258
Mortgage P&I
85%
$2,108
Property Taxes
15%
$369
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0