This property looks like a bad Long-Term investment with a projected -3.83% first-year return on $81,795 initial cash invested.
-3.83%
Cash On Cash
5.73%
Cap Rate
0.94
DSCR
$2,892
Rent
-$261
Cashflow
Cash Flow
$2,892 income − $3,153 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,795
Downpayment
20%
$77,900
Closing costs
1%
$3,895
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,892
Total Expenses
$3,153
Mortgage P&I
68%
$1,975
Property Taxes
10%
$285
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0