This property looks like a bad Long-Term investment with a projected -13.01% first-year return on $82,950 initial cash invested.
-13.01%
Cash On Cash
3.85%
Cap Rate
0.62
DSCR
$2,306
Rent
-$899
Cashflow
Cash Flow
$2,306 income − $3,205 expenses = $899 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
$2,306
Total Expenses
$3,205
Mortgage P&I
89%
$2,052
Property Taxes
18%
$414
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0