This property looks like a bad Long-Term investment with a projected -14.43% first-year return on $83,580 initial cash invested.
-14.43%
Cash On Cash
3.87%
Cap Rate
0.59
DSCR
$2,478
Rent
-$1,005
Cashflow
Cash Flow
$2,478 income − $3,483 expenses = $1,005 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,580
Downpayment
20%
$79,600
Closing costs
1%
$3,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,478
Total Expenses
$3,483
Mortgage P&I
87%
$2,164
Property Taxes
21%
$530
Home Insurance
6%
$144
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0