This property looks like a bad Long-Term investment with a projected -8.28% first-year return on $82,782 initial cash invested.
-8.28%
Cash On Cash
5.09%
Cap Rate
0.79
DSCR
$2,529
Rent
-$571
Cashflow
Cash Flow
$2,529 income − $3,100 expenses = $571 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,782
Downpayment
20%
$78,840
Closing costs
1%
$3,942
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,529
Total Expenses
$3,100
Mortgage P&I
84%
$2,118
Property Taxes
7%
$166
Home Insurance
6%
$159
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0