This property looks like a bad Long-Term investment with a projected -13.06% first-year return on $83,433 initial cash invested.
-13.06%
Cash On Cash
4.17%
Cap Rate
0.63
DSCR
$2,261
Rent
-$908
Cashflow
Cash Flow
$2,261 income − $3,169 expenses = $908 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,433
Downpayment
20%
$79,460
Closing costs
1%
$3,973
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,261
Total Expenses
$3,169
Mortgage P&I
96%
$2,174
Property Taxes
12%
$265
Home Insurance
6%
$142
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0