This property looks like a bad Long-Term investment with a projected -13.07% first-year return on $81,900 initial cash invested.
-13.07%
Cash On Cash
4.07%
Cap Rate
0.63
DSCR
$2,283
Rent
-$892
Cashflow
Cash Flow
$2,283 income − $3,175 expenses = $892 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
$2,283
Total Expenses
$3,175
Mortgage P&I
92%
$2,102
Property Taxes
15%
$344
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0