This property looks like a bad Long-Term investment with a projected -14.93% first-year return on $82,950 initial cash invested.
-14.93%
Cash On Cash
3.87%
Cap Rate
0.58
DSCR
$2,280
Rent
-$1,032
Cashflow
Cash Flow
$2,280 income − $3,312 expenses = $1,032 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,280
Total Expenses
$3,312
Mortgage P&I
96%
$2,191
Property Taxes
17%
$390
Home Insurance
6%
$138
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0