This property looks like a bad Long-Term investment with a projected -7.65% first-year return on $82,341 initial cash invested.
-7.65%
Cash On Cash
5.39%
Cap Rate
0.83
DSCR
$3,242
Rent
-$525
Cashflow
Cash Flow
$3,242 income − $3,767 expenses = $525 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,341
Downpayment
20%
$78,420
Closing costs
1%
$3,921
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,242
Total Expenses
$3,767
Mortgage P&I
66%
$2,124
Property Taxes
20%
$660
Home Insurance
4%
$140
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0