This property looks like a bad Long-Term investment with a projected -6.08% first-year return on $82,068 initial cash invested.
-6.08%
Cash On Cash
5.36%
Cap Rate
0.86
DSCR
$2,838
Rent
-$416
Cashflow
Cash Flow
$2,838 income − $3,254 expenses = $416 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,068
Downpayment
20%
$78,160
Closing costs
1%
$3,908
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,838
Total Expenses
$3,254
Mortgage P&I
71%
$2,018
Property Taxes
13%
$362
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0