This property looks like a bad Long-Term investment with a projected -4.85% first-year return on $82,950 initial cash invested.
-4.85%
Cash On Cash
5.59%
Cap Rate
0.9
DSCR
$2,741
Rent
-$335
Cashflow
Cash Flow
$2,741 income − $3,076 expenses = $335 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,950
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,741
Total Expenses
$3,076
Mortgage P&I
74%
$2,038
Property Taxes
7%
$188
Home Insurance
5%
$138
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0