This property looks like a bad Long-Term investment with a projected -7.78% first-year return on $82,950 initial cash invested.
-7.78%
Cash On Cash
4.8%
Cap Rate
0.8
DSCR
$2,795
Rent
-$538
Cashflow
Cash Flow
$2,795 income − $3,333 expenses = $538 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,950
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,795
Total Expenses
$3,333
Mortgage P&I
71%
$1,978
Property Taxes
14%
$397
Home Insurance
5%
$140
HOA
3%
$90
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0