This property looks like a bad Long-Term investment with a projected -12.89% first-year return on $82,278 initial cash invested.
-12.89%
Cash On Cash
3.72%
Cap Rate
0.61
DSCR
$2,233
Rent
-$884
Cashflow
Cash Flow
$2,233 income − $3,117 expenses = $884 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,278
Downpayment
20%
$78,360
Closing costs
1%
$3,918
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,233
Total Expenses
$3,117
Mortgage P&I
89%
$1,985
Property Taxes
18%
$411
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0