This property looks like a bad Long-Term investment with a projected -7.8% first-year return on $82,152 initial cash invested.
-7.8%
Cash On Cash
5.25%
Cap Rate
0.81
DSCR
$2,852
Rent
-$534
Cashflow
Cash Flow
$2,852 income − $3,386 expenses = $534 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,152
Downpayment
20%
$78,240
Closing costs
1%
$3,912
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,852
Total Expenses
$3,386
Mortgage P&I
74%
$2,102
Property Taxes
14%
$402
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0