This property looks like a bad Long-Term investment with a projected -17.08% first-year return on $82,950 initial cash invested.
-17.08%
Cash On Cash
3.32%
Cap Rate
0.5
DSCR
$2,049
Rent
-$1,181
Cashflow
Cash Flow
$2,049 income − $3,230 expenses = $1,181 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,950
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,049
Total Expenses
$3,230
Mortgage P&I
106%
$2,173
Property Taxes
16%
$336
Home Insurance
7%
$138
HOA
2%
$51
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0