This property looks like a bad Long-Term investment with a projected -13.51% first-year return on $82,320 initial cash invested.
-13.51%
Cash On Cash
4.13%
Cap Rate
0.62
DSCR
$2,213
Rent
-$927
Cashflow
Cash Flow
$2,213 income − $3,140 expenses = $927 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,320
Downpayment
20%
$78,400
Closing costs
1%
$3,920
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,213
Total Expenses
$3,140
Mortgage P&I
98%
$2,164
Property Taxes
12%
$260
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0