This property looks like a bad Long-Term investment with a projected -12.6% first-year return on $82,866 initial cash invested.
-12.6%
Cash On Cash
4.23%
Cap Rate
0.65
DSCR
$2,141
Rent
-$870
Cashflow
Cash Flow
$2,141 income − $3,011 expenses = $870 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,866
Downpayment
20%
$78,920
Closing costs
1%
$3,946
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,141
Total Expenses
$3,011
Mortgage P&I
101%
$2,153
Property Taxes
8%
$162
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0