This property looks like a bad Long-Term investment with a projected -13.88% first-year return on $81,900 initial cash invested.
-13.88%
Cash On Cash
3.84%
Cap Rate
0.6
DSCR
$1,969
Rent
-$947
Cashflow
Cash Flow
$1,969 income − $2,916 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,969
Total Expenses
$2,916
Mortgage P&I
107%
$2,097
Property Taxes
9%
$172
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0