This property looks like a bad Long-Term investment with a projected -11.46% first-year return on $82,173 initial cash invested.
-11.46%
Cash On Cash
4.58%
Cap Rate
0.69
DSCR
$2,560
Rent
-$785
Cashflow
Cash Flow
$2,560 income − $3,345 expenses = $785 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,173
Downpayment
20%
$78,260
Closing costs
1%
$3,913
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,560
Total Expenses
$3,345
Mortgage P&I
84%
$2,151
Property Taxes
14%
$359
Home Insurance
5%
$140
HOA
1%
$29
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0