This property looks like a bad Long-Term investment with a projected -5.51% first-year return on $82,488 initial cash invested.
-5.51%
Cash On Cash
5.43%
Cap Rate
0.89
DSCR
$3,084
Rent
-$379
Cashflow
Cash Flow
$3,084 income − $3,463 expenses = $379 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,488
Downpayment
20%
$78,560
Closing costs
1%
$3,928
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,084
Total Expenses
$3,463
Mortgage P&I
65%
$2,003
Property Taxes
17%
$523
Home Insurance
4%
$136
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0