This property looks like a bad Long-Term investment with a projected -7.11% first-year return on $82,236 initial cash invested.
-7.11%
Cash On Cash
5.08%
Cap Rate
0.82
DSCR
$2,421
Rent
-$487
Cashflow
Cash Flow
$2,421 income − $2,908 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,236
Downpayment
20%
$78,320
Closing costs
1%
$3,916
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,421
Total Expenses
$2,908
Mortgage P&I
84%
$2,023
Property Taxes
5%
$116
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0