This property looks like a bad Long-Term investment with a projected -9.23% first-year return on $81,879 initial cash invested.
-9.23%
Cash On Cash
4.81%
Cap Rate
0.75
DSCR
$2,246
Rent
-$630
Cashflow
Cash Flow
$2,246 income − $2,876 expenses = $630 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,246
Total Expenses
$2,876
Mortgage P&I
93%
$2,081
Property Taxes
3%
$71
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0