This property looks like a bad Long-Term investment with a projected -9.89% first-year return on $81,900 initial cash invested.
-9.89%
Cash On Cash
4.4%
Cap Rate
0.72
DSCR
$2,320
Rent
-$675
Cashflow
Cash Flow
$2,320 income − $2,995 expenses = $675 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,320
Total Expenses
$2,995
Mortgage P&I
86%
$1,990
Property Taxes
11%
$266
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0