This property looks like a bad Long-Term investment with a projected -9.85% first-year return on $82,950 initial cash invested.
-9.85%
Cash On Cash
4.87%
Cap Rate
0.74
DSCR
$2,310
Rent
-$681
Cashflow
Cash Flow
$2,310 income − $2,991 expenses = $681 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,310
Total Expenses
$2,991
Mortgage P&I
94%
$2,167
Property Taxes
4%
$84
Home Insurance
6%
$138
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0