This property looks like a bad Long-Term investment with a projected -11.69% first-year return on $81,816 initial cash invested.
-11.69%
Cash On Cash
4.42%
Cap Rate
0.68
DSCR
$2,239
Rent
-$797
Cashflow
Cash Flow
$2,239 income − $3,036 expenses = $797 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,816
Downpayment
20%
$77,920
Closing costs
1%
$3,896
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,239
Total Expenses
$3,036
Mortgage P&I
95%
$2,121
Property Taxes
9%
$197
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0