This property looks like a bad Long-Term investment with a projected -8.7% first-year return on $82,530 initial cash invested.
-8.7%
Cash On Cash
5.13%
Cap Rate
0.78
DSCR
$2,590
Rent
-$598
Cashflow
Cash Flow
$2,590 income − $3,188 expenses = $598 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,530
Downpayment
20%
$78,600
Closing costs
1%
$3,930
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,590
Total Expenses
$3,188
Mortgage P&I
83%
$2,147
Property Taxes
9%
$227
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$155
Maintenance
5%
$130
Other
0%
$0