This property looks like a bad Long-Term investment with a projected -17.67% first-year return on $83,811 initial cash invested.
-17.67%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$2,010
Rent
-$1,234
Cashflow
Cash Flow
$2,010 income − $3,244 expenses = $1,234 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,811
Downpayment
20%
$79,820
Closing costs
1%
$3,991
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,010
Total Expenses
$3,244
Mortgage P&I
107%
$2,145
Property Taxes
21%
$432
Home Insurance
7%
$145
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0