This property looks like a bad Long-Term investment with a projected -10.63% first-year return on $82,278 initial cash invested.
-10.63%
Cash On Cash
4.55%
Cap Rate
0.71
DSCR
$2,201
Rent
-$729
Cashflow
Cash Flow
$2,201 income − $2,930 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,278
Downpayment
20%
$78,360
Closing costs
1%
$3,918
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,201
Total Expenses
$2,930
Mortgage P&I
96%
$2,105
Property Taxes
4%
$81
Home Insurance
6%
$140
HOA
1%
$32
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0