This property looks like a bad Long-Term investment with a projected -14.44% first-year return on $82,950 initial cash invested.
-14.44%
Cash On Cash
3.72%
Cap Rate
0.58
DSCR
$2,166
Rent
-$998
Cashflow
Cash Flow
$2,166 income − $3,164 expenses = $998 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
$2,166
Total Expenses
$3,164
Mortgage P&I
98%
$2,114
Property Taxes
16%
$349
Home Insurance
6%
$138
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0