This property looks like a bad Long-Term investment with a projected -13.93% first-year return on $82,593 initial cash invested.
-13.93%
Cash On Cash
4.1%
Cap Rate
0.62
DSCR
$2,525
Rent
-$959
Cashflow
Cash Flow
$2,525 income − $3,484 expenses = $959 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,593
Downpayment
20%
$78,660
Closing costs
1%
$3,933
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,525
Total Expenses
$3,484
Mortgage P&I
86%
$2,177
Property Taxes
20%
$506
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0