This property looks like a bad Long-Term investment with a projected -13.9% first-year return on $82,089 initial cash invested.
-13.9%
Cash On Cash
3.93%
Cap Rate
0.6
DSCR
$2,107
Rent
-$951
Cashflow
Cash Flow
$2,107 income − $3,058 expenses = $951 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,089
Downpayment
20%
$78,180
Closing costs
1%
$3,909
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,107
Total Expenses
$3,058
Mortgage P&I
101%
$2,127
Property Taxes
11%
$241
Home Insurance
7%
$143
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0