This property looks like a bad Long-Term investment with a projected -5.93% first-year return on $82,215 initial cash invested.
-5.93%
Cash On Cash
5.93%
Cap Rate
0.89
DSCR
$3,360
Rent
-$406
Cashflow
Cash Flow
$3,360 income − $3,766 expenses = $406 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,215
Downpayment
20%
$78,300
Closing costs
1%
$3,915
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,360
Total Expenses
$3,766
Mortgage P&I
65%
$2,172
Property Taxes
17%
$582
Home Insurance
4%
$138
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0