This property looks like a bad Long-Term investment with a projected -8.93% first-year return on $82,803 initial cash invested.
-8.93%
Cash On Cash
4.67%
Cap Rate
0.75
DSCR
$2,333
Rent
-$616
Cashflow
Cash Flow
$2,333 income − $2,949 expenses = $616 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,803
Downpayment
20%
$78,860
Closing costs
1%
$3,943
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,333
Total Expenses
$2,949
Mortgage P&I
87%
$2,033
Property Taxes
7%
$169
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0