This property looks like a bad Long-Term investment with a projected -9.5% first-year return on $82,467 initial cash invested.
-9.5%
Cash On Cash
4.71%
Cap Rate
0.75
DSCR
$2,821
Rent
-$653
Cashflow
Cash Flow
$2,821 income − $3,474 expenses = $653 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,467
Downpayment
20%
$78,540
Closing costs
1%
$3,927
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,821
Total Expenses
$3,474
Mortgage P&I
73%
$2,052
Property Taxes
19%
$549
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0