This property looks like a bad Long-Term investment with a projected -5.15% first-year return on $83,013 initial cash invested.
-5.15%
Cash On Cash
5.89%
Cap Rate
0.91
DSCR
$3,165
Rent
-$356
Cashflow
Cash Flow
$3,165 income − $3,521 expenses = $356 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,013
Downpayment
20%
$79,060
Closing costs
1%
$3,953
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,165
Total Expenses
$3,521
Mortgage P&I
68%
$2,139
Property Taxes
13%
$420
Home Insurance
4%
$140
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0