This property looks like a bad Long-Term investment with a projected -20.08% first-year return on $82,488 initial cash invested.
-20.08%
Cash On Cash
2.75%
Cap Rate
0.42
DSCR
$2,693
Rent
-$1,380
Cashflow
Cash Flow
$2,693 income − $4,073 expenses = $1,380 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,488
Downpayment
20%
$78,560
Closing costs
1%
$3,928
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,693
Total Expenses
$4,073
Mortgage P&I
80%
$2,146
Property Taxes
13%
$341
Home Insurance
5%
$144
HOA
28%
$741
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0