This property looks like a bad Long-Term investment with a projected -10.27% first-year return on $82,761 initial cash invested.
-10.27%
Cash On Cash
4.95%
Cap Rate
0.74
DSCR
$2,627
Rent
-$708
Cashflow
Cash Flow
$2,627 income − $3,335 expenses = $708 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,761
Downpayment
20%
$78,820
Closing costs
1%
$3,941
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,627
Total Expenses
$3,335
Mortgage P&I
84%
$2,204
Property Taxes
12%
$308
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0