This property looks like a bad Long-Term investment with a projected -5.89% first-year return on $82,950 initial cash invested.
-5.89%
Cash On Cash
5.79%
Cap Rate
0.89
DSCR
$3,260
Rent
-$407
Cashflow
Cash Flow
$3,260 income − $3,667 expenses = $407 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,950
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,260
Total Expenses
$3,667
Mortgage P&I
66%
$2,149
Property Taxes
16%
$532
Home Insurance
4%
$138
HOA
0%
$0
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0