This property looks like a bad Long-Term investment with a projected -14.01% first-year return on $82,929 initial cash invested.
-14.01%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$2,661
Rent
-$968
Cashflow
Cash Flow
$2,661 income − $3,629 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,929
Downpayment
20%
$78,980
Closing costs
1%
$3,949
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,661
Total Expenses
$3,629
Mortgage P&I
81%
$2,144
Property Taxes
13%
$349
Home Insurance
5%
$140
HOA
11%
$304
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0