This property looks like a bad Long-Term investment with a projected -8.37% first-year return on $83,265 initial cash invested.
-8.37%
Cash On Cash
5.21%
Cap Rate
0.8
DSCR
$3,110
Rent
-$581
Cashflow
Cash Flow
$3,110 income − $3,691 expenses = $581 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,265
Downpayment
20%
$79,300
Closing costs
1%
$3,965
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,110
Total Expenses
$3,691
Mortgage P&I
69%
$2,145
Property Taxes
19%
$596
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0