This property looks like a bad Long-Term investment with a projected -17.12% first-year return on $83,076 initial cash invested.
-17.12%
Cash On Cash
3.02%
Cap Rate
0.48
DSCR
$1,889
Rent
-$1,185
Cashflow
Cash Flow
$1,889 income − $3,074 expenses = $1,185 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,076
Downpayment
20%
$79,120
Closing costs
1%
$3,956
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,889
Total Expenses
$3,074
Mortgage P&I
111%
$2,088
Property Taxes
19%
$356
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0