This property looks like a bad Long-Term investment with a projected -6.73% first-year return on $81,984 initial cash invested.
-6.73%
Cash On Cash
5.06%
Cap Rate
0.83
DSCR
$2,651
Rent
-$460
Cashflow
Cash Flow
$2,651 income − $3,111 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,984
Downpayment
20%
$78,080
Closing costs
1%
$3,904
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,651
Total Expenses
$3,111
Mortgage P&I
74%
$1,974
Property Taxes
12%
$311
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0