This property looks like a bad Long-Term investment with a projected -11.99% first-year return on $81,837 initial cash invested.
-11.99%
Cash On Cash
4.65%
Cap Rate
0.69
DSCR
$2,689
Rent
-$818
Cashflow
Cash Flow
$2,689 income − $3,507 expenses = $818 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,837
Downpayment
20%
$77,940
Closing costs
1%
$3,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,689
Total Expenses
$3,507
Mortgage P&I
82%
$2,193
Property Taxes
18%
$480
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0