This property looks like a bad Long-Term investment with a projected -12.45% first-year return on $82,320 initial cash invested.
-12.45%
Cash On Cash
4.46%
Cap Rate
0.66
DSCR
$2,119
Rent
-$854
Cashflow
Cash Flow
$2,119 income − $2,973 expenses = $854 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,320
Downpayment
20%
$78,400
Closing costs
1%
$3,920
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,119
Total Expenses
$2,973
Mortgage P&I
104%
$2,204
Property Taxes
4%
$78
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0