This property looks like a bad Long-Term investment with a projected -12.83% first-year return on $83,790 initial cash invested.
-12.83%
Cash On Cash
4.35%
Cap Rate
0.65
DSCR
$2,566
Rent
-$896
Cashflow
Cash Flow
$2,566 income − $3,462 expenses = $896 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,790
Downpayment
20%
$79,800
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,566
Total Expenses
$3,462
Mortgage P&I
86%
$2,214
Property Taxes
17%
$441
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0