This property looks like a bad Long-Term investment with a projected -9.97% first-year return on $82,341 initial cash invested.
-9.97%
Cash On Cash
4.84%
Cap Rate
0.74
DSCR
$2,356
Rent
-$684
Cashflow
Cash Flow
$2,356 income − $3,040 expenses = $684 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,341
Downpayment
20%
$78,420
Closing costs
1%
$3,921
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,356
Total Expenses
$3,040
Mortgage P&I
91%
$2,147
Property Taxes
6%
$140
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0