This property looks like a bad Long-Term investment with a projected -10.21% first-year return on $82,278 initial cash invested.
-10.21%
Cash On Cash
4.69%
Cap Rate
0.73
DSCR
$2,412
Rent
-$700
Cashflow
Cash Flow
$2,412 income − $3,112 expenses = $700 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,412
Total Expenses
$3,112
Mortgage P&I
87%
$2,109
Property Taxes
10%
$235
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0