This property looks like a bad Long-Term investment with a projected -13.46% first-year return on $83,265 initial cash invested.
-13.46%
Cash On Cash
3.99%
Cap Rate
0.62
DSCR
$2,385
Rent
-$934
Cashflow
Cash Flow
$2,385 income − $3,319 expenses = $934 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,385
Total Expenses
$3,319
Mortgage P&I
89%
$2,134
Property Taxes
17%
$416
Home Insurance
6%
$133
HOA
1%
$17
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0