This property looks like a bad Long-Term investment with a projected -14.88% first-year return on $83,790 initial cash invested.
-14.88%
Cash On Cash
3.83%
Cap Rate
0.58
DSCR
$2,309
Rent
-$1,039
Cashflow
Cash Flow
$2,309 income − $3,348 expenses = $1,039 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,309
Total Expenses
$3,348
Mortgage P&I
95%
$2,196
Property Taxes
18%
$412
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$139
Maintenance
5%
$115
Other
0%
$0