This property looks like a bad Long-Term investment with a projected -7.92% first-year return on $82,278 initial cash invested.
-7.92%
Cash On Cash
4.81%
Cap Rate
0.79
DSCR
$2,457
Rent
-$543
Cashflow
Cash Flow
$2,457 income − $3,000 expenses = $543 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,278
Downpayment
20%
$78,360
Closing costs
1%
$3,918
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,457
Total Expenses
$3,000
Mortgage P&I
81%
$1,991
Property Taxes
9%
$224
Home Insurance
6%
$140
HOA
0%
$6
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0