This property looks like a bad Long-Term investment with a projected -9.66% first-year return on $82,992 initial cash invested.
-9.66%
Cash On Cash
4.46%
Cap Rate
0.73
DSCR
$2,510
Rent
-$668
Cashflow
Cash Flow
$2,510 income − $3,178 expenses = $668 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,510
Total Expenses
$3,178
Mortgage P&I
80%
$2,011
Property Taxes
15%
$369
Home Insurance
6%
$144
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0