This property looks like a bad Long-Term investment with a projected -8.45% first-year return on $82,089 initial cash invested.
-8.45%
Cash On Cash
4.74%
Cap Rate
0.77
DSCR
$2,301
Rent
-$578
Cashflow
Cash Flow
$2,301 income − $2,879 expenses = $578 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,089
Downpayment
20%
$78,180
Closing costs
1%
$3,909
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,301
Total Expenses
$2,879
Mortgage P&I
87%
$2,006
Property Taxes
6%
$135
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0