This property looks like a bad Long-Term investment with a projected -11.95% first-year return on $82,236 initial cash invested.
-11.95%
Cash On Cash
4.12%
Cap Rate
0.66
DSCR
$2,413
Rent
-$819
Cashflow
Cash Flow
$2,413 income − $3,232 expenses = $819 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,236
Downpayment
20%
$78,320
Closing costs
1%
$3,916
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,413
Total Expenses
$3,232
Mortgage P&I
85%
$2,044
Property Taxes
17%
$420
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0