This property looks like a bad Long-Term investment with a projected -13.89% first-year return on $81,879 initial cash invested.
-13.89%
Cash On Cash
4.04%
Cap Rate
0.61
DSCR
$2,165
Rent
-$948
Cashflow
Cash Flow
$2,165 income − $3,113 expenses = $948 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,165
Total Expenses
$3,113
Mortgage P&I
99%
$2,152
Property Taxes
12%
$263
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0