This property looks like a bad Long-Term investment with a projected -15.12% first-year return on $82,236 initial cash invested.
-15.12%
Cash On Cash
3.93%
Cap Rate
0.59
DSCR
$2,608
Rent
-$1,036
Cashflow
Cash Flow
$2,608 income − $3,644 expenses = $1,036 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,236
Downpayment
20%
$78,320
Closing costs
1%
$3,916
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,608
Total Expenses
$3,644
Mortgage P&I
84%
$2,190
Property Taxes
24%
$637
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0