This property looks like a bad Long-Term investment with a projected -22.41% first-year return on $82,887 initial cash invested.
-22.41%
Cash On Cash
1.95%
Cap Rate
0.31
DSCR
$1,971
Rent
-$1,548
Cashflow
Cash Flow
$1,971 income − $3,519 expenses = $1,548 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,887
Downpayment
20%
$78,940
Closing costs
1%
$3,947
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,971
Total Expenses
$3,519
Mortgage P&I
106%
$2,092
Property Taxes
33%
$643
Home Insurance
14%
$271
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0