This property looks like a bad Long-Term investment with a projected -17.56% first-year return on $83,853 initial cash invested.
-17.56%
Cash On Cash
3.15%
Cap Rate
0.48
DSCR
$2,119
Rent
-$1,227
Cashflow
Cash Flow
$2,119 income − $3,346 expenses = $1,227 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,853
Downpayment
20%
$79,860
Closing costs
1%
$3,993
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,119
Total Expenses
$3,346
Mortgage P&I
102%
$2,169
Property Taxes
23%
$486
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0