This property looks like a bad Long-Term investment with a projected -15.83% first-year return on $82,719 initial cash invested.
-15.83%
Cash On Cash
3.42%
Cap Rate
0.53
DSCR
$1,950
Rent
-$1,091
Cashflow
Cash Flow
$1,950 income − $3,041 expenses = $1,091 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,719
Downpayment
20%
$78,780
Closing costs
1%
$3,939
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,950
Total Expenses
$3,041
Mortgage P&I
109%
$2,117
Property Taxes
14%
$276
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0