This property looks like a bad Long-Term investment with a projected -19.08% first-year return on $82,950 initial cash invested.
-19.08%
Cash On Cash
2.88%
Cap Rate
0.44
DSCR
$2,373
Rent
-$1,319
Cashflow
Cash Flow
$2,373 income − $3,692 expenses = $1,319 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,373
Total Expenses
$3,692
Mortgage P&I
91%
$2,149
Property Taxes
33%
$788
Home Insurance
6%
$138
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0