This property looks like a bad Long-Term investment with a projected -11.95% first-year return on $82,950 initial cash invested.
-11.95%
Cash On Cash
4.43%
Cap Rate
0.68
DSCR
$2,501
Rent
-$826
Cashflow
Cash Flow
$2,501 income − $3,327 expenses = $826 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,950
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,501
Total Expenses
$3,327
Mortgage P&I
86%
$2,158
Property Taxes
15%
$381
Home Insurance
6%
$138
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0