This property looks like a bad Long-Term investment with a projected -7.39% first-year return on $82,047 initial cash invested.
-7.39%
Cash On Cash
5.36%
Cap Rate
0.82
DSCR
$2,505
Rent
-$505
Cashflow
Cash Flow
$2,505 income − $3,010 expenses = $505 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,047
Downpayment
20%
$78,140
Closing costs
1%
$3,907
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,505
Total Expenses
$3,010
Mortgage P&I
85%
$2,124
Property Taxes
4%
$94
Home Insurance
6%
$142
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0