This property looks like a bad Long-Term investment with a projected -8.82% first-year return on $82,278 initial cash invested.
-8.82%
Cash On Cash
4.64%
Cap Rate
0.76
DSCR
$2,290
Rent
-$605
Cashflow
Cash Flow
$2,290 income − $2,895 expenses = $605 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,278
Downpayment
20%
$78,360
Closing costs
1%
$3,918
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,290
Total Expenses
$2,895
Mortgage P&I
88%
$2,005
Property Taxes
7%
$156
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0