This property looks like a bad Long-Term investment with a projected -13% first-year return on $81,963 initial cash invested.
-13%
Cash On Cash
4.09%
Cap Rate
0.63
DSCR
$2,416
Rent
-$888
Cashflow
Cash Flow
$2,416 income − $3,304 expenses = $888 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,963
Downpayment
20%
$78,060
Closing costs
1%
$3,903
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,416
Total Expenses
$3,304
Mortgage P&I
87%
$2,098
Property Taxes
18%
$432
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0