This property looks like a bad Long-Term investment with a projected -12.24% first-year return on $83,538 initial cash invested.
-12.24%
Cash On Cash
3.88%
Cap Rate
0.63
DSCR
$2,094
Rent
-$852
Cashflow
Cash Flow
$2,094 income − $2,946 expenses = $852 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,538
Downpayment
20%
$79,560
Closing costs
1%
$3,978
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,094
Total Expenses
$2,946
Mortgage P&I
97%
$2,032
Property Taxes
11%
$230
Home Insurance
7%
$139
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0