This property looks like a bad Long-Term investment with a projected -7.48% first-year return on $81,690 initial cash invested.
-7.48%
Cash On Cash
4.93%
Cap Rate
0.8
DSCR
$2,313
Rent
-$509
Cashflow
Cash Flow
$2,313 income − $2,822 expenses = $509 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,313
Total Expenses
$2,822
Mortgage P&I
86%
$1,992
Property Taxes
3%
$59
Home Insurance
6%
$136
HOA
1%
$33
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0