This property looks like a bad Long-Term investment with a projected -7.76% first-year return on $82,299 initial cash invested.
-7.76%
Cash On Cash
5.13%
Cap Rate
0.81
DSCR
$2,741
Rent
-$532
Cashflow
Cash Flow
$2,741 income − $3,273 expenses = $532 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,299
Downpayment
20%
$78,380
Closing costs
1%
$3,919
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,741
Total Expenses
$3,273
Mortgage P&I
76%
$2,071
Property Taxes
12%
$322
Home Insurance
5%
$140
HOA
1%
$28
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0