This property looks like a bad Long-Term investment with a projected -13.02% first-year return on $82,467 initial cash invested.
-13.02%
Cash On Cash
3.84%
Cap Rate
0.62
DSCR
$2,198
Rent
-$895
Cashflow
Cash Flow
$2,198 income − $3,093 expenses = $895 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,467
Downpayment
20%
$78,540
Closing costs
1%
$3,927
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,198
Total Expenses
$3,093
Mortgage P&I
93%
$2,042
Property Taxes
11%
$244
Home Insurance
6%
$140
HOA
4%
$95
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0