This property looks like a bad Long-Term investment with a projected -6.4% first-year return on $81,690 initial cash invested.
-6.4%
Cash On Cash
5.74%
Cap Rate
0.86
DSCR
$2,802
Rent
-$436
Cashflow
Cash Flow
$2,802 income − $3,238 expenses = $436 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,690
Downpayment
20%
$77,800
Closing costs
1%
$3,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,802
Total Expenses
$3,238
Mortgage P&I
77%
$2,156
Property Taxes
8%
$218
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0