This property looks like a bad Long-Term investment with a projected -21.27% first-year return on $82,950 initial cash invested.
-21.27%
Cash On Cash
2.56%
Cap Rate
0.38
DSCR
$2,108
Rent
-$1,470
Cashflow
Cash Flow
$2,108 income − $3,578 expenses = $1,470 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,108
Total Expenses
$3,578
Mortgage P&I
105%
$2,207
Property Taxes
31%
$651
Home Insurance
7%
$138
HOA
2%
$35
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0