This property looks like a bad Long-Term investment with a projected -11.72% first-year return on $82,698 initial cash invested.
-11.72%
Cash On Cash
4.04%
Cap Rate
0.66
DSCR
$2,458
Rent
-$808
Cashflow
Cash Flow
$2,458 income − $3,266 expenses = $808 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,698
Downpayment
20%
$78,760
Closing costs
1%
$3,938
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,458
Total Expenses
$3,266
Mortgage P&I
82%
$2,012
Property Taxes
20%
$490
Home Insurance
5%
$119
HOA
0%
$6
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0