This property looks like a bad Long-Term investment with a projected -16.09% first-year return on $82,950 initial cash invested.
-16.09%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$2,587
Rent
-$1,112
Cashflow
Cash Flow
$2,587 income − $3,699 expenses = $1,112 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,950
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,587
Total Expenses
$3,699
Mortgage P&I
84%
$2,174
Property Taxes
25%
$643
Home Insurance
5%
$138
HOA
3%
$72
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0