This property looks like a bad Long-Term investment with a projected -4.48% first-year return on $82,782 initial cash invested.
-4.48%
Cash On Cash
6.03%
Cap Rate
0.92
DSCR
$2,882
Rent
-$309
Cashflow
Cash Flow
$2,882 income − $3,191 expenses = $309 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,782
Downpayment
20%
$78,840
Closing costs
1%
$3,942
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,882
Total Expenses
$3,191
Mortgage P&I
75%
$2,147
Property Taxes
5%
$155
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0