This property looks like a bad Long-Term investment with a projected -9.26% first-year return on $82,950 initial cash invested.
-9.26%
Cash On Cash
5.12%
Cap Rate
0.77
DSCR
$2,955
Rent
-$640
Cashflow
Cash Flow
$2,955 income − $3,595 expenses = $640 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,955
Total Expenses
$3,595
Mortgage P&I
74%
$2,177
Property Taxes
17%
$511
Home Insurance
5%
$138
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0