This property looks like a bad Long-Term investment with a projected -17.41% first-year return on $82,719 initial cash invested.
-17.41%
Cash On Cash
3.17%
Cap Rate
0.49
DSCR
$2,042
Rent
-$1,200
Cashflow
Cash Flow
$2,042 income − $3,242 expenses = $1,200 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,719
Downpayment
20%
$78,780
Closing costs
1%
$3,939
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,042
Total Expenses
$3,242
Mortgage P&I
105%
$2,140
Property Taxes
21%
$422
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0