This property looks like a bad Long-Term investment with a projected -10.35% first-year return on $81,890 initial cash invested.
-10.35%
Cash On Cash
4.26%
Cap Rate
0.7
DSCR
$2,118
Rent
-$706
Cashflow
Cash Flow
$2,118 income − $2,824 expenses = $706 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,890
Downpayment
20%
$77,990
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,118
Total Expenses
$2,824
Mortgage P&I
94%
$1,983
Property Taxes
7%
$154
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0