This property looks like a bad Long-Term investment with a projected -19.05% first-year return on $82,719 initial cash invested.
-19.05%
Cash On Cash
2.87%
Cap Rate
0.44
DSCR
$2,218
Rent
-$1,313
Cashflow
Cash Flow
$2,218 income − $3,531 expenses = $1,313 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,218
Total Expenses
$3,531
Mortgage P&I
97%
$2,145
Property Taxes
30%
$669
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0