This property looks like a bad Long-Term investment with a projected -8.67% first-year return on $83,202 initial cash invested.
-8.67%
Cash On Cash
4.99%
Cap Rate
0.77
DSCR
$2,442
Rent
-$601
Cashflow
Cash Flow
$2,442 income − $3,043 expenses = $601 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,202
Downpayment
20%
$79,240
Closing costs
1%
$3,962
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,442
Total Expenses
$3,043
Mortgage P&I
87%
$2,125
Property Taxes
6%
$143
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0