This property looks like a bad Long-Term investment with a projected -14.36% first-year return on $81,963 initial cash invested.
-14.36%
Cash On Cash
3.72%
Cap Rate
0.59
DSCR
$2,601
Rent
-$981
Cashflow
Cash Flow
$2,601 income − $3,582 expenses = $981 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,601
Total Expenses
$3,582
Mortgage P&I
79%
$2,062
Property Taxes
27%
$705
Home Insurance
5%
$139
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0