This property looks like a bad Long-Term investment with a projected -10.58% first-year return on $81,900 initial cash invested.
-10.58%
Cash On Cash
4.56%
Cap Rate
0.71
DSCR
$2,114
Rent
-$722
Cashflow
Cash Flow
$2,114 income − $2,836 expenses = $722 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
$2,114
Total Expenses
$2,836
Mortgage P&I
99%
$2,099
Property Taxes
2%
$51
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0