This property looks like a bad Long-Term investment with a projected -11.66% first-year return on $82,341 initial cash invested.
-11.66%
Cash On Cash
4.25%
Cap Rate
0.67
DSCR
$2,172
Rent
-$800
Cashflow
Cash Flow
$2,172 income − $2,972 expenses = $800 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,341
Downpayment
20%
$78,420
Closing costs
1%
$3,921
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,172
Total Expenses
$2,972
Mortgage P&I
96%
$2,081
Property Taxes
8%
$177
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0