This property looks like a bad Long-Term investment with a projected -7.33% first-year return on $81,900 initial cash invested.
-7.33%
Cash On Cash
5.61%
Cap Rate
0.84
DSCR
$3,139
Rent
-$500
Cashflow
Cash Flow
$3,139 income − $3,639 expenses = $500 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,139
Total Expenses
$3,639
Mortgage P&I
69%
$2,166
Property Taxes
17%
$521
Home Insurance
4%
$136
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0