This property looks like a bad Long-Term investment with a projected -13.98% first-year return on $82,215 initial cash invested.
-13.98%
Cash On Cash
3.96%
Cap Rate
0.6
DSCR
$2,257
Rent
-$958
Cashflow
Cash Flow
$2,257 income − $3,215 expenses = $958 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,215
Downpayment
20%
$78,300
Closing costs
1%
$3,915
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,257
Total Expenses
$3,215
Mortgage P&I
95%
$2,136
Property Taxes
15%
$329
Home Insurance
6%
$140
HOA
1%
$23
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0