This property looks like a bad Long-Term investment with a projected -11.95% first-year return on $82,950 initial cash invested.
-11.95%
Cash On Cash
3.93%
Cap Rate
0.64
DSCR
$1,951
Rent
-$826
Cashflow
Cash Flow
$1,951 income − $2,777 expenses = $826 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,951
Total Expenses
$2,777
Mortgage P&I
104%
$2,023
Property Taxes
6%
$108
Home Insurance
7%
$138
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0