This property looks like a bad Long-Term investment with a projected -12.74% first-year return on $81,585 initial cash invested.
-12.74%
Cash On Cash
4.27%
Cap Rate
0.65
DSCR
$2,688
Rent
-$866
Cashflow
Cash Flow
$2,688 income − $3,554 expenses = $866 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,585
Downpayment
20%
$77,700
Closing costs
1%
$3,885
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,688
Total Expenses
$3,554
Mortgage P&I
79%
$2,113
Property Taxes
22%
$603
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0