This property looks like a bad Long-Term investment with a projected -16.04% first-year return on $82,740 initial cash invested.
-16.04%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$2,628
Rent
-$1,106
Cashflow
Cash Flow
$2,628 income − $3,734 expenses = $1,106 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,740
Downpayment
20%
$78,800
Closing costs
1%
$3,940
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,628
Total Expenses
$3,734
Mortgage P&I
82%
$2,157
Property Taxes
18%
$484
Home Insurance
5%
$140
HOA
10%
$270
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0