This property looks like a bad Long-Term investment with a projected -12.17% first-year return on $82,698 initial cash invested.
-12.17%
Cash On Cash
4.03%
Cap Rate
0.65
DSCR
$2,336
Rent
-$839
Cashflow
Cash Flow
$2,336 income − $3,175 expenses = $839 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,698
Downpayment
20%
$78,760
Closing costs
1%
$3,938
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,336
Total Expenses
$3,175
Mortgage P&I
88%
$2,044
Property Taxes
16%
$383
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0