This property looks like a bad Long-Term investment with a projected -27.66% first-year return on $83,223 initial cash invested.
-27.66%
Cash On Cash
1.05%
Cap Rate
0.16
DSCR
$1,752
Rent
-$1,918
Cashflow
Cash Flow
$1,752 income − $3,670 expenses = $1,918 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,223
Downpayment
20%
$79,260
Closing costs
1%
$3,963
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,752
Total Expenses
$3,670
Mortgage P&I
124%
$2,177
Property Taxes
50%
$874
Home Insurance
9%
$163
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0