This property looks like a bad Long-Term investment with a projected -0.23% first-year return on $81,837 initial cash invested.
-0.23%
Cash On Cash
7.02%
Cap Rate
1.07
DSCR
$3,440
Rent
-$16
Cashflow
Cash Flow
$3,440 income − $3,456 expenses = $16 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,837
Downpayment
20%
$77,940
Closing costs
1%
$3,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,440
Total Expenses
$3,456
Mortgage P&I
62%
$2,124
Property Taxes
9%
$300
Home Insurance
4%
$138
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0