This property looks like a bad Long-Term investment with a projected -11.52% first-year return on $82,677 initial cash invested.
-11.52%
Cash On Cash
4.47%
Cap Rate
0.68
DSCR
$2,141
Rent
-$794
Cashflow
Cash Flow
$2,141 income − $2,935 expenses = $794 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,677
Downpayment
20%
$78,740
Closing costs
1%
$3,937
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,141
Total Expenses
$2,935
Mortgage P&I
101%
$2,155
Property Taxes
3%
$72
Home Insurance
7%
$152
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0