This property looks like a bad Long-Term investment with a projected -9.61% first-year return on $81,690 initial cash invested.
-9.61%
Cash On Cash
4.76%
Cap Rate
0.74
DSCR
$2,266
Rent
-$654
Cashflow
Cash Flow
$2,266 income − $2,920 expenses = $654 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,266
Total Expenses
$2,920
Mortgage P&I
92%
$2,085
Property Taxes
5%
$110
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0