This property looks like a bad Long-Term investment with a projected -12.63% first-year return on $82,110 initial cash invested.
-12.63%
Cash On Cash
4.17%
Cap Rate
0.64
DSCR
$2,228
Rent
-$864
Cashflow
Cash Flow
$2,228 income − $3,092 expenses = $864 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,110
Downpayment
20%
$78,200
Closing costs
1%
$3,910
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,228
Total Expenses
$3,092
Mortgage P&I
95%
$2,111
Property Taxes
12%
$262
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0