This property looks like a bad Long-Term investment with a projected -18.41% first-year return on $82,845 initial cash invested.
-18.41%
Cash On Cash
2.89%
Cap Rate
0.45
DSCR
$1,822
Rent
-$1,271
Cashflow
Cash Flow
$1,822 income − $3,093 expenses = $1,271 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,845
Downpayment
20%
$78,900
Closing costs
1%
$3,945
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,822
Total Expenses
$3,093
Mortgage P&I
117%
$2,130
Property Taxes
19%
$350
Home Insurance
8%
$140
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0