This property looks like a bad Long-Term investment with a projected -10.87% first-year return on $81,690 initial cash invested.
-10.87%
Cash On Cash
4.16%
Cap Rate
0.69
DSCR
$2,706
Rent
-$740
Cashflow
Cash Flow
$2,706 income − $3,446 expenses = $740 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,706
Total Expenses
$3,446
Mortgage P&I
72%
$1,954
Property Taxes
24%
$653
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0