This property looks like a bad Long-Term investment with a projected -14.57% first-year return on $82,950 initial cash invested.
-14.57%
Cash On Cash
3.46%
Cap Rate
0.56
DSCR
$2,465
Rent
-$1,007
Cashflow
Cash Flow
$2,465 income − $3,472 expenses = $1,007 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,465
Total Expenses
$3,472
Mortgage P&I
82%
$2,023
Property Taxes
26%
$640
Home Insurance
6%
$140
HOA
1%
$29
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0