This property looks like a bad Long-Term investment with a projected -12.92% first-year return on $82,761 initial cash invested.
-12.92%
Cash On Cash
3.84%
Cap Rate
0.62
DSCR
$2,432
Rent
-$891
Cashflow
Cash Flow
$2,432 income − $3,323 expenses = $891 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,761
Downpayment
20%
$78,820
Closing costs
1%
$3,941
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,432
Total Expenses
$3,323
Mortgage P&I
83%
$2,029
Property Taxes
20%
$488
Home Insurance
6%
$140
HOA
1%
$33
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0