This property looks like a bad Long-Term investment with a projected -8.71% first-year return on $82,971 initial cash invested.
-8.71%
Cash On Cash
4.88%
Cap Rate
0.78
DSCR
$2,984
Rent
-$602
Cashflow
Cash Flow
$2,984 income − $3,586 expenses = $602 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,971
Downpayment
20%
$79,020
Closing costs
1%
$3,951
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,984
Total Expenses
$3,586
Mortgage P&I
69%
$2,061
Property Taxes
21%
$612
Home Insurance
5%
$138
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0