This property looks like a bad Long-Term investment with a projected -13.65% first-year return on $83,496 initial cash invested.
-13.65%
Cash On Cash
3.67%
Cap Rate
0.6
DSCR
$2,743
Rent
-$950
Cashflow
Cash Flow
$2,743 income − $3,693 expenses = $950 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,496
Downpayment
20%
$79,520
Closing costs
1%
$3,976
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,743
Total Expenses
$3,693
Mortgage P&I
74%
$2,029
Property Taxes
29%
$787
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0