This property looks like a bad Long-Term investment with a projected -15.39% first-year return on $82,677 initial cash invested.
-15.39%
Cash On Cash
3.77%
Cap Rate
0.57
DSCR
$2,469
Rent
-$1,060
Cashflow
Cash Flow
$2,469 income − $3,529 expenses = $1,060 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,677
Downpayment
20%
$78,740
Closing costs
1%
$3,937
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,469
Total Expenses
$3,529
Mortgage P&I
88%
$2,173
Property Taxes
23%
$568
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0