This property looks like a bad Long-Term investment with a projected -9.78% first-year return on $82,614 initial cash invested.
-9.78%
Cash On Cash
4.77%
Cap Rate
0.74
DSCR
$2,478
Rent
-$673
Cashflow
Cash Flow
$2,478 income − $3,151 expenses = $673 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,614
Downpayment
20%
$78,680
Closing costs
1%
$3,934
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,478
Total Expenses
$3,151
Mortgage P&I
85%
$2,114
Property Taxes
12%
$288
Home Insurance
4%
$104
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0