This property looks like a bad Long-Term investment with a projected -16.23% first-year return on $82,341 initial cash invested.
-16.23%
Cash On Cash
3.5%
Cap Rate
0.53
DSCR
$2,183
Rent
-$1,114
Cashflow
Cash Flow
$2,183 income − $3,297 expenses = $1,114 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,341
Downpayment
20%
$78,420
Closing costs
1%
$3,921
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,183
Total Expenses
$3,297
Mortgage P&I
98%
$2,147
Property Taxes
18%
$387
Home Insurance
7%
$158
HOA
2%
$38
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0