This property looks like a bad Long-Term investment with a projected -14.26% first-year return on $81,858 initial cash invested.
-14.26%
Cash On Cash
3.44%
Cap Rate
0.56
DSCR
$1,772
Rent
-$973
Cashflow
Cash Flow
$1,772 income − $2,745 expenses = $973 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,858
Downpayment
20%
$77,960
Closing costs
1%
$3,898
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,772
Total Expenses
$2,745
Mortgage P&I
113%
$2,001
Property Taxes
8%
$143
Home Insurance
8%
$140
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0