This property looks like a bad Long-Term investment with a projected -13.81% first-year return on $81,879 initial cash invested.
-13.81%
Cash On Cash
3.99%
Cap Rate
0.6
DSCR
$1,825
Rent
-$942
Cashflow
Cash Flow
$1,825 income − $2,767 expenses = $942 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,825
Total Expenses
$2,767
Mortgage P&I
118%
$2,147
Property Taxes
0%
$6
Home Insurance
8%
$140
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0