This property looks like a bad Long-Term investment with a projected -12.18% first-year return on $82,950 initial cash invested.
-12.18%
Cash On Cash
4.28%
Cap Rate
0.67
DSCR
$2,755
Rent
-$842
Cashflow
Cash Flow
$2,755 income − $3,597 expenses = $842 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,755
Total Expenses
$3,597
Mortgage P&I
77%
$2,114
Property Taxes
23%
$628
Home Insurance
5%
$138
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0