This property looks like a bad Long-Term investment with a projected -10.08% first-year return on $83,013 initial cash invested.
-10.08%
Cash On Cash
4.53%
Cap Rate
0.73
DSCR
$2,684
Rent
-$697
Cashflow
Cash Flow
$2,684 income − $3,381 expenses = $697 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,684
Total Expenses
$3,381
Mortgage P&I
77%
$2,054
Property Taxes
18%
$492
Home Insurance
5%
$138
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0