This property looks like a bad Long-Term investment with a projected -8.15% first-year return on $82,887 initial cash invested.
-8.15%
Cash On Cash
4.76%
Cap Rate
0.78
DSCR
$2,573
Rent
-$563
Cashflow
Cash Flow
$2,573 income − $3,136 expenses = $563 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,887
Downpayment
20%
$78,940
Closing costs
1%
$3,947
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,573
Total Expenses
$3,136
Mortgage P&I
78%
$2,001
Property Taxes
13%
$327
Home Insurance
5%
$139
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$129
Vacancy
6%
$154
Maintenance
5%
$129
Other
0%
$0