This property looks like a bad Long-Term investment with a projected -13.74% first-year return on $82,950 initial cash invested.
-13.74%
Cash On Cash
3.9%
Cap Rate
0.6
DSCR
$2,059
Rent
-$950
Cashflow
Cash Flow
$2,059 income − $3,009 expenses = $950 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,059
Total Expenses
$3,009
Mortgage P&I
104%
$2,132
Property Taxes
10%
$203
Home Insurance
7%
$138
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0