This property looks like a bad Long-Term investment with a projected -12.62% first-year return on $81,900 initial cash invested.
-12.62%
Cash On Cash
4.1%
Cap Rate
0.64
DSCR
$2,071
Rent
-$861
Cashflow
Cash Flow
$2,071 income − $2,932 expenses = $861 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
$2,071
Total Expenses
$2,932
Mortgage P&I
101%
$2,090
Property Taxes
8%
$167
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0