This property looks like a bad Long-Term investment with a projected -8.44% first-year return on $81,900 initial cash invested.
-8.44%
Cash On Cash
5.19%
Cap Rate
0.79
DSCR
$2,732
Rent
-$576
Cashflow
Cash Flow
$2,732 income − $3,308 expenses = $576 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,732
Total Expenses
$3,308
Mortgage P&I
78%
$2,126
Property Taxes
12%
$335
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0