This property looks like a bad Long-Term investment with a projected -9.63% first-year return on $81,900 initial cash invested.
-9.63%
Cash On Cash
5%
Cap Rate
0.76
DSCR
$2,721
Rent
-$657
Cashflow
Cash Flow
$2,721 income − $3,378 expenses = $657 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,721
Total Expenses
$3,378
Mortgage P&I
79%
$2,147
Property Taxes
14%
$388
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0