This property looks like a bad Long-Term investment with a projected -8.96% first-year return on $82,866 initial cash invested.
-8.96%
Cash On Cash
5.24%
Cap Rate
0.79
DSCR
$3,121
Rent
-$619
Cashflow
Cash Flow
$3,121 income − $3,740 expenses = $619 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,866
Downpayment
20%
$78,920
Closing costs
1%
$3,946
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,121
Total Expenses
$3,740
Mortgage P&I
70%
$2,187
Property Taxes
20%
$609
Home Insurance
4%
$133
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0