This property looks like a bad Long-Term investment with a projected -19.7% first-year return on $82,950 initial cash invested.
-19.7%
Cash On Cash
2.32%
Cap Rate
0.37
DSCR
$1,499
Rent
-$1,362
Cashflow
Cash Flow
$1,499 income − $2,861 expenses = $1,362 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
$1,499
Total Expenses
$2,861
Mortgage P&I
137%
$2,052
Property Taxes
19%
$281
Home Insurance
9%
$138
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0