This property looks like a bad Long-Term investment with a projected -14.48% first-year return on $82,950 initial cash invested.
-14.48%
Cash On Cash
3.82%
Cap Rate
0.58
DSCR
$2,036
Rent
-$1,001
Cashflow
Cash Flow
$2,036 income − $3,037 expenses = $1,001 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,036
Total Expenses
$3,037
Mortgage P&I
106%
$2,156
Property Taxes
10%
$213
Home Insurance
7%
$138
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0