This property looks like a bad Long-Term investment with a projected -12.81% first-year return on $81,984 initial cash invested.
-12.81%
Cash On Cash
4.26%
Cap Rate
0.65
DSCR
$2,400
Rent
-$875
Cashflow
Cash Flow
$2,400 income − $3,275 expenses = $875 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,984
Downpayment
20%
$78,080
Closing costs
1%
$3,904
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,400
Total Expenses
$3,275
Mortgage P&I
89%
$2,141
Property Taxes
16%
$372
Home Insurance
6%
$138
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0