This property looks like a bad Long-Term investment with a projected -10.29% first-year return on $83,034 initial cash invested.
-10.29%
Cash On Cash
4.79%
Cap Rate
0.74
DSCR
$3,101
Rent
-$712
Cashflow
Cash Flow
$3,101 income − $3,813 expenses = $712 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,034
Downpayment
20%
$79,080
Closing costs
1%
$3,954
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,101
Total Expenses
$3,813
Mortgage P&I
69%
$2,136
Property Taxes
24%
$740
Home Insurance
4%
$131
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0