This property looks like a bad Long-Term investment with a projected -17.1% first-year return on $82,929 initial cash invested.
-17.1%
Cash On Cash
3.25%
Cap Rate
0.5
DSCR
$2,189
Rent
-$1,182
Cashflow
Cash Flow
$2,189 income − $3,371 expenses = $1,182 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,929
Downpayment
20%
$78,980
Closing costs
1%
$3,949
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,189
Total Expenses
$3,371
Mortgage P&I
98%
$2,142
Property Taxes
23%
$503
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0