This property looks like a bad Long-Term investment with a projected -13.08% first-year return on $82,950 initial cash invested.
-13.08%
Cash On Cash
4.08%
Cap Rate
0.63
DSCR
$1,989
Rent
-$904
Cashflow
Cash Flow
$1,989 income − $2,893 expenses = $904 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,989
Total Expenses
$2,893
Mortgage P&I
108%
$2,147
Property Taxes
4%
$86
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0