This property looks like a bad Long-Term investment with a projected -5.18% first-year return on $82,194 initial cash invested.
-5.18%
Cash On Cash
5.94%
Cap Rate
0.9
DSCR
$2,927
Rent
-$355
Cashflow
Cash Flow
$2,927 income − $3,282 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,194
Downpayment
20%
$78,280
Closing costs
1%
$3,914
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,927
Total Expenses
$3,282
Mortgage P&I
73%
$2,146
Property Taxes
8%
$237
Home Insurance
5%
$138
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0