This property looks like a bad Long-Term investment with a projected -4.46% first-year return on $82,362 initial cash invested.
-4.46%
Cash On Cash
6.03%
Cap Rate
0.92
DSCR
$2,865
Rent
-$306
Cashflow
Cash Flow
$2,865 income − $3,171 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,362
Downpayment
20%
$78,440
Closing costs
1%
$3,922
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,865
Total Expenses
$3,171
Mortgage P&I
74%
$2,134
Property Taxes
5%
$153
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0