This property looks like a bad Long-Term investment with a projected -12.99% first-year return on $82,845 initial cash invested.
-12.99%
Cash On Cash
3.97%
Cap Rate
0.62
DSCR
$2,061
Rent
-$897
Cashflow
Cash Flow
$2,061 income − $2,958 expenses = $897 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,845
Downpayment
20%
$78,900
Closing costs
1%
$3,945
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,061
Total Expenses
$2,958
Mortgage P&I
102%
$2,099
Property Taxes
9%
$185
Home Insurance
7%
$138
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0