This property looks like a bad Long-Term investment with a projected -7.25% first-year return on $82,929 initial cash invested.
-7.25%
Cash On Cash
5.76%
Cap Rate
0.84
DSCR
$2,905
Rent
-$501
Cashflow
Cash Flow
$2,905 income − $3,406 expenses = $501 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,929
Downpayment
20%
$78,980
Closing costs
1%
$3,949
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,905
Total Expenses
$3,406
Mortgage P&I
78%
$2,252
Property Taxes
9%
$260
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0