This property looks like a bad Long-Term investment with a projected -15.17% first-year return on $82,761 initial cash invested.
-15.17%
Cash On Cash
3.62%
Cap Rate
0.56
DSCR
$2,435
Rent
-$1,046
Cashflow
Cash Flow
$2,435 income − $3,481 expenses = $1,046 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,761
Downpayment
20%
$78,820
Closing costs
1%
$3,941
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,435
Total Expenses
$3,481
Mortgage P&I
87%
$2,113
Property Taxes
15%
$369
Home Insurance
6%
$138
HOA
9%
$227
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0