This property looks like a bad Long-Term investment with a projected -10.57% first-year return on $82,971 initial cash invested.
-10.57%
Cash On Cash
4.53%
Cap Rate
0.71
DSCR
$2,467
Rent
-$731
Cashflow
Cash Flow
$2,467 income − $3,198 expenses = $731 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,971
Downpayment
20%
$79,020
Closing costs
1%
$3,951
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,467
Total Expenses
$3,198
Mortgage P&I
85%
$2,100
Property Taxes
13%
$327
Home Insurance
5%
$130
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0