This property looks like a bad Long-Term investment with a projected -14.34% first-year return on $82,572 initial cash invested.
-14.34%
Cash On Cash
3.78%
Cap Rate
0.59
DSCR
$2,245
Rent
-$987
Cashflow
Cash Flow
$2,245 income − $3,232 expenses = $987 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,572
Downpayment
20%
$78,640
Closing costs
1%
$3,932
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,245
Total Expenses
$3,232
Mortgage P&I
94%
$2,113
Property Taxes
17%
$391
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0