This property looks like a bad Long-Term investment with a projected -12.61% first-year return on $83,202 initial cash invested.
-12.61%
Cash On Cash
4.19%
Cap Rate
0.65
DSCR
$2,282
Rent
-$874
Cashflow
Cash Flow
$2,282 income − $3,156 expenses = $874 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,202
Downpayment
20%
$79,240
Closing costs
1%
$3,962
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,282
Total Expenses
$3,156
Mortgage P&I
94%
$2,144
Property Taxes
11%
$253
Home Insurance
7%
$166
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0