This property looks like a bad Long-Term investment with a projected -10.92% first-year return on $82,782 initial cash invested.
-10.92%
Cash On Cash
4.66%
Cap Rate
0.71
DSCR
$2,798
Rent
-$753
Cashflow
Cash Flow
$2,798 income − $3,551 expenses = $753 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,782
Downpayment
20%
$78,840
Closing costs
1%
$3,942
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,798
Total Expenses
$3,551
Mortgage P&I
77%
$2,143
Property Taxes
20%
$559
Home Insurance
4%
$121
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0