This property looks like a bad Long-Term investment with a projected -12.43% first-year return on $82,551 initial cash invested.
-12.43%
Cash On Cash
4.29%
Cap Rate
0.66
DSCR
$2,306
Rent
-$855
Cashflow
Cash Flow
$2,306 income − $3,161 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,551
Downpayment
20%
$78,620
Closing costs
1%
$3,931
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,306
Total Expenses
$3,161
Mortgage P&I
93%
$2,145
Property Taxes
12%
$277
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0