This property looks like a bad Long-Term investment with a projected -14.19% first-year return on $82,530 initial cash invested.
-14.19%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$2,728
Rent
-$976
Cashflow
Cash Flow
$2,728 income − $3,704 expenses = $976 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,530
Downpayment
20%
$78,600
Closing costs
1%
$3,930
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,728
Total Expenses
$3,704
Mortgage P&I
79%
$2,150
Property Taxes
26%
$712
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0