This property looks like a bad Long-Term investment with a projected -11.51% first-year return on $83,223 initial cash invested.
-11.51%
Cash On Cash
4.07%
Cap Rate
0.66
DSCR
$2,271
Rent
-$798
Cashflow
Cash Flow
$2,271 income − $3,069 expenses = $798 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,223
Downpayment
20%
$79,260
Closing costs
1%
$3,963
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,271
Total Expenses
$3,069
Mortgage P&I
89%
$2,029
Property Taxes
13%
$292
Home Insurance
7%
$157
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0