This property looks like a bad Long-Term investment with a projected -8.65% first-year return on $82,971 initial cash invested.
-8.65%
Cash On Cash
5.33%
Cap Rate
0.79
DSCR
$2,787
Rent
-$598
Cashflow
Cash Flow
$2,787 income − $3,385 expenses = $598 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,971
Downpayment
20%
$79,020
Closing costs
1%
$3,951
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,787
Total Expenses
$3,385
Mortgage P&I
79%
$2,215
Property Taxes
11%
$306
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0