This property looks like a bad Long-Term investment with a projected -14.58% first-year return on $81,900 initial cash invested.
-14.58%
Cash On Cash
3.74%
Cap Rate
0.58
DSCR
$2,212
Rent
-$995
Cashflow
Cash Flow
$2,212 income − $3,207 expenses = $995 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,212
Total Expenses
$3,207
Mortgage P&I
95%
$2,099
Property Taxes
18%
$396
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0