This property looks like a bad Long-Term investment with a projected -11.26% first-year return on $82,992 initial cash invested.
-11.26%
Cash On Cash
4.15%
Cap Rate
0.68
DSCR
$2,450
Rent
-$779
Cashflow
Cash Flow
$2,450 income − $3,229 expenses = $779 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,992
Downpayment
20%
$79,040
Closing costs
1%
$3,952
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,450
Total Expenses
$3,229
Mortgage P&I
83%
$2,023
Property Taxes
15%
$375
Home Insurance
6%
$140
HOA
2%
$55
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0