This property looks like a bad Long-Term investment with a projected -11.39% first-year return on $83,790 initial cash invested.
-11.39%
Cash On Cash
4.22%
Cap Rate
0.67
DSCR
$1,999
Rent
-$795
Cashflow
Cash Flow
$1,999 income − $2,794 expenses = $795 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,790
Downpayment
20%
$79,800
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,999
Total Expenses
$2,794
Mortgage P&I
105%
$2,097
Property Taxes
2%
$37
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0