This property looks like a bad Long-Term investment with a projected -8.46% first-year return on $82,572 initial cash invested.
-8.46%
Cash On Cash
4.63%
Cap Rate
0.78
DSCR
$2,836
Rent
-$582
Cashflow
Cash Flow
$2,836 income − $3,418 expenses = $582 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,572
Downpayment
20%
$78,640
Closing costs
1%
$3,932
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,836
Total Expenses
$3,418
Mortgage P&I
69%
$1,957
Property Taxes
21%
$583
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0