This property looks like a bad Long-Term investment with a projected -10.95% first-year return on $83,538 initial cash invested.
-10.95%
Cash On Cash
4.28%
Cap Rate
0.7
DSCR
$2,902
Rent
-$762
Cashflow
Cash Flow
$2,902 income − $3,664 expenses = $762 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,538
Downpayment
20%
$79,560
Closing costs
1%
$3,978
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,902
Total Expenses
$3,664
Mortgage P&I
70%
$2,035
Property Taxes
24%
$688
Home Insurance
5%
$140
HOA
2%
$47
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0