This property looks like a bad Long-Term investment with a projected -12.98% first-year return on $82,572 initial cash invested.
-12.98%
Cash On Cash
4.15%
Cap Rate
0.64
DSCR
$2,737
Rent
-$893
Cashflow
Cash Flow
$2,737 income − $3,630 expenses = $893 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,572
Downpayment
20%
$78,640
Closing costs
1%
$3,932
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,737
Total Expenses
$3,630
Mortgage P&I
77%
$2,115
Property Taxes
24%
$663
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0