This property looks like a bad Long-Term investment with a projected -14.43% first-year return on $82,992 initial cash invested.
-14.43%
Cash On Cash
3.82%
Cap Rate
0.59
DSCR
$2,157
Rent
-$998
Cashflow
Cash Flow
$2,157 income − $3,155 expenses = $998 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,157
Total Expenses
$3,155
Mortgage P&I
100%
$2,149
Property Taxes
13%
$287
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0