This property looks like a bad Long-Term investment with a projected -10.49% first-year return on $81,879 initial cash invested.
-10.49%
Cash On Cash
4.31%
Cap Rate
0.69
DSCR
$2,024
Rent
-$716
Cashflow
Cash Flow
$2,024 income − $2,740 expenses = $716 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,024
Total Expenses
$2,740
Mortgage P&I
100%
$2,016
Property Taxes
3%
$63
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0