This property looks like a bad Long-Term investment with a projected -12.3% first-year return on $81,690 initial cash invested.
-12.3%
Cash On Cash
4.29%
Cap Rate
0.65
DSCR
$2,053
Rent
-$837
Cashflow
Cash Flow
$2,053 income − $2,890 expenses = $837 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,690
Downpayment
20%
$77,800
Closing costs
1%
$3,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,053
Total Expenses
$2,890
Mortgage P&I
104%
$2,126
Property Taxes
5%
$94
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0