This property looks like a bad Long-Term investment with a projected -8.45% first-year return on $82,551 initial cash invested.
-8.45%
Cash On Cash
5.2%
Cap Rate
0.79
DSCR
$2,712
Rent
-$581
Cashflow
Cash Flow
$2,712 income − $3,293 expenses = $581 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,551
Downpayment
20%
$78,620
Closing costs
1%
$3,931
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,712
Total Expenses
$3,293
Mortgage P&I
79%
$2,150
Property Taxes
10%
$283
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0