This property looks like a bad Long-Term investment with a projected -6.69% first-year return on $82,278 initial cash invested.
-6.69%
Cash On Cash
5.14%
Cap Rate
0.84
DSCR
$2,861
Rent
-$459
Cashflow
Cash Flow
$2,861 income − $3,320 expenses = $459 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,278
Downpayment
20%
$78,360
Closing costs
1%
$3,918
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,861
Total Expenses
$3,320
Mortgage P&I
70%
$1,995
Property Taxes
15%
$441
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0