This property looks like a bad Long-Term investment with a projected -13.31% first-year return on $81,879 initial cash invested.
-13.31%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$1,890
Rent
-$908
Cashflow
Cash Flow
$1,890 income − $2,798 expenses = $908 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,890
Total Expenses
$2,798
Mortgage P&I
111%
$2,106
Property Taxes
3%
$66
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0