This property looks like a bad Long-Term investment with a projected -14.29% first-year return on $82,152 initial cash invested.
-14.29%
Cash On Cash
3.79%
Cap Rate
0.59
DSCR
$2,257
Rent
-$978
Cashflow
Cash Flow
$2,257 income − $3,235 expenses = $978 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,152
Downpayment
20%
$78,240
Closing costs
1%
$3,912
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,257
Total Expenses
$3,235
Mortgage P&I
93%
$2,102
Property Taxes
17%
$389
Home Insurance
7%
$157
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0