This property looks like a bad Long-Term investment with a projected -13.67% first-year return on $82,950 initial cash invested.
-13.67%
Cash On Cash
3.73%
Cap Rate
0.6
DSCR
$2,250
Rent
-$945
Cashflow
Cash Flow
$2,250 income − $3,195 expenses = $945 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,950
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,250
Total Expenses
$3,195
Mortgage P&I
92%
$2,060
Property Taxes
18%
$413
Home Insurance
6%
$138
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0