This property looks like a bad Long-Term investment with a projected -10.01% first-year return on $83,328 initial cash invested.
-10.01%
Cash On Cash
5.09%
Cap Rate
0.75
DSCR
$2,802
Rent
-$695
Cashflow
Cash Flow
$2,802 income − $3,497 expenses = $695 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,328
Downpayment
20%
$79,360
Closing costs
1%
$3,968
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,802
Total Expenses
$3,497
Mortgage P&I
80%
$2,237
Property Taxes
14%
$392
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0