This property looks like a bad Long-Term investment with a projected -12.66% first-year return on $82,152 initial cash invested.
-12.66%
Cash On Cash
4.15%
Cap Rate
0.64
DSCR
$2,340
Rent
-$867
Cashflow
Cash Flow
$2,340 income − $3,207 expenses = $867 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,152
Downpayment
20%
$78,240
Closing costs
1%
$3,912
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,340
Total Expenses
$3,207
Mortgage P&I
90%
$2,102
Property Taxes
15%
$357
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0