This property looks like a bad Long-Term investment with a projected -15.81% first-year return on $82,908 initial cash invested.
-15.81%
Cash On Cash
3.04%
Cap Rate
0.5
DSCR
$1,617
Rent
-$1,092
Cashflow
Cash Flow
$1,617 income − $2,709 expenses = $1,092 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,908
Downpayment
20%
$78,960
Closing costs
1%
$3,948
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,617
Total Expenses
$2,709
Mortgage P&I
124%
$2,012
Property Taxes
8%
$131
Home Insurance
9%
$145
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0