This property looks like a bad Long-Term investment with a projected -9.03% first-year return on $82,950 initial cash invested.
-9.03%
Cash On Cash
5.13%
Cap Rate
0.77
DSCR
$2,411
Rent
-$624
Cashflow
Cash Flow
$2,411 income − $3,035 expenses = $624 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,950
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,411
Total Expenses
$3,035
Mortgage P&I
91%
$2,192
Property Taxes
3%
$77
Home Insurance
6%
$138
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0