This property looks like a bad Long-Term investment with a projected -9.2% first-year return on $81,795 initial cash invested.
-9.2%
Cash On Cash
4.74%
Cap Rate
0.75
DSCR
$2,453
Rent
-$627
Cashflow
Cash Flow
$2,453 income − $3,080 expenses = $627 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,795
Downpayment
20%
$77,900
Closing costs
1%
$3,895
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,453
Total Expenses
$3,080
Mortgage P&I
83%
$2,041
Property Taxes
9%
$211
Home Insurance
6%
$140
HOA
2%
$50
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0