This property looks like a bad Long-Term investment with a projected -8.71% first-year return on $82,425 initial cash invested.
-8.71%
Cash On Cash
5.14%
Cap Rate
0.79
DSCR
$2,848
Rent
-$598
Cashflow
Cash Flow
$2,848 income − $3,446 expenses = $598 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,425
Downpayment
20%
$78,500
Closing costs
1%
$3,925
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,848
Total Expenses
$3,446
Mortgage P&I
75%
$2,138
Property Taxes
15%
$414
Home Insurance
5%
$142
HOA
0%
$12
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0