This property looks like a bad Long-Term investment with a projected -15.6% first-year return on $83,307 initial cash invested.
-15.6%
Cash On Cash
3.54%
Cap Rate
0.54
DSCR
$2,130
Rent
-$1,083
Cashflow
Cash Flow
$2,130 income − $3,213 expenses = $1,083 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
$2,130
Total Expenses
$3,213
Mortgage P&I
101%
$2,147
Property Taxes
18%
$373
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0