This property looks like a bad Long-Term investment with a projected -8.92% first-year return on $82,467 initial cash invested.
-8.92%
Cash On Cash
4.98%
Cap Rate
0.77
DSCR
$2,609
Rent
-$613
Cashflow
Cash Flow
$2,609 income − $3,222 expenses = $613 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,609
Total Expenses
$3,222
Mortgage P&I
81%
$2,112
Property Taxes
11%
$292
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$157
Maintenance
5%
$130
Other
0%
$0