This property looks like a bad Long-Term investment with a projected -12.59% first-year return on $81,879 initial cash invested.
-12.59%
Cash On Cash
4.45%
Cap Rate
0.66
DSCR
$2,300
Rent
-$859
Cashflow
Cash Flow
$2,300 income − $3,159 expenses = $859 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,300
Total Expenses
$3,159
Mortgage P&I
95%
$2,191
Property Taxes
10%
$234
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0