This property looks like a bad Long-Term investment with a projected -9.45% first-year return on $81,879 initial cash invested.
-9.45%
Cash On Cash
4.98%
Cap Rate
0.76
DSCR
$2,611
Rent
-$645
Cashflow
Cash Flow
$2,611 income − $3,256 expenses = $645 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,611
Total Expenses
$3,256
Mortgage P&I
82%
$2,131
Property Taxes
11%
$292
Home Insurance
5%
$136
HOA
1%
$17
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0