This property looks like a bad Long-Term investment with a projected -19.33% first-year return on $83,307 initial cash invested.
-19.33%
Cash On Cash
2.87%
Cap Rate
0.43
DSCR
$2,051
Rent
-$1,342
Cashflow
Cash Flow
$2,051 income − $3,393 expenses = $1,342 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,051
Total Expenses
$3,393
Mortgage P&I
107%
$2,187
Property Taxes
26%
$532
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0