This property looks like a bad Long-Term investment with a projected -9.92% first-year return on $82,782 initial cash invested.
-9.92%
Cash On Cash
4.83%
Cap Rate
0.73
DSCR
$2,217
Rent
-$684
Cashflow
Cash Flow
$2,217 income − $2,901 expenses = $684 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,782
Downpayment
20%
$78,840
Closing costs
1%
$3,942
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,217
Total Expenses
$2,901
Mortgage P&I
97%
$2,159
Property Taxes
1%
$25
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0