This property looks like a bad Long-Term investment with a projected -9.01% first-year return on $81,879 initial cash invested.
-9.01%
Cash On Cash
4.53%
Cap Rate
0.75
DSCR
$2,236
Rent
-$615
Cashflow
Cash Flow
$2,236 income − $2,851 expenses = $615 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,236
Total Expenses
$2,851
Mortgage P&I
88%
$1,975
Property Taxes
7%
$158
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0