This property looks like a bad Long-Term investment with a projected -2.56% first-year return on $81,900 initial cash invested.
-2.56%
Cash On Cash
6.15%
Cap Rate
0.99
DSCR
$3,202
Rent
-$175
Cashflow
Cash Flow
$3,202 income − $3,377 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,202
Total Expenses
$3,377
Mortgage P&I
63%
$2,014
Property Taxes
12%
$395
Home Insurance
4%
$136
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0