This property looks like a bad Long-Term investment with a projected -11.65% first-year return on $82,887 initial cash invested.
-11.65%
Cash On Cash
4.46%
Cap Rate
0.69
DSCR
$2,700
Rent
-$805
Cashflow
Cash Flow
$2,700 income − $3,505 expenses = $805 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,887
Downpayment
20%
$78,940
Closing costs
1%
$3,947
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,700
Total Expenses
$3,505
Mortgage P&I
79%
$2,136
Property Taxes
19%
$515
Home Insurance
6%
$152
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0