This property looks like a bad Long-Term investment with a projected -8.06% first-year return on $82,320 initial cash invested.
-8.06%
Cash On Cash
5.12%
Cap Rate
0.8
DSCR
$2,697
Rent
-$553
Cashflow
Cash Flow
$2,697 income − $3,250 expenses = $553 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,320
Downpayment
20%
$78,400
Closing costs
1%
$3,920
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,697
Total Expenses
$3,250
Mortgage P&I
78%
$2,091
Property Taxes
12%
$318
Home Insurance
5%
$139
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0