This property looks like a bad Long-Term investment with a projected -10.94% first-year return on $83,391 initial cash invested.
-10.94%
Cash On Cash
4.77%
Cap Rate
0.71
DSCR
$2,359
Rent
-$760
Cashflow
Cash Flow
$2,359 income − $3,119 expenses = $760 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,391
Downpayment
20%
$79,420
Closing costs
1%
$3,971
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,359
Total Expenses
$3,119
Mortgage P&I
94%
$2,221
Property Taxes
6%
$144
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0