This property looks like a bad Long-Term investment with a projected -11.13% first-year return on $83,307 initial cash invested.
-11.13%
Cash On Cash
4.57%
Cap Rate
0.7
DSCR
$2,563
Rent
-$773
Cashflow
Cash Flow
$2,563 income − $3,336 expenses = $773 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,307
Downpayment
20%
$79,340
Closing costs
1%
$3,967
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,563
Total Expenses
$3,336
Mortgage P&I
84%
$2,156
Property Taxes
15%
$374
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0