This property looks like a bad Long-Term investment with a projected -13.88% first-year return on $82,404 initial cash invested.
-13.88%
Cash On Cash
3.87%
Cap Rate
0.6
DSCR
$2,357
Rent
-$953
Cashflow
Cash Flow
$2,357 income − $3,310 expenses = $953 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,404
Downpayment
20%
$78,480
Closing costs
1%
$3,924
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,357
Total Expenses
$3,310
Mortgage P&I
89%
$2,100
Property Taxes
19%
$458
Home Insurance
6%
$139
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0