This property looks like a bad Long-Term investment with a projected -13.89% first-year return on $81,837 initial cash invested.
-13.89%
Cash On Cash
4.15%
Cap Rate
0.62
DSCR
$2,633
Rent
-$947
Cashflow
Cash Flow
$2,633 income − $3,580 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,633
Total Expenses
$3,580
Mortgage P&I
82%
$2,163
Property Taxes
23%
$596
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0