This property looks like a bad Long-Term investment with a projected -14.96% first-year return on $83,013 initial cash invested.
-14.96%
Cash On Cash
3.79%
Cap Rate
0.58
DSCR
$2,407
Rent
-$1,035
Cashflow
Cash Flow
$2,407 income − $3,442 expenses = $1,035 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,013
Downpayment
20%
$79,060
Closing costs
1%
$3,953
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,407
Total Expenses
$3,442
Mortgage P&I
90%
$2,163
Property Taxes
21%
$514
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0