This property looks like a bad Long-Term investment with a projected -12.16% first-year return on $83,790 initial cash invested.
-12.16%
Cash On Cash
3.92%
Cap Rate
0.63
DSCR
$1,968
Rent
-$849
Cashflow
Cash Flow
$1,968 income − $2,817 expenses = $849 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,968
Total Expenses
$2,817
Mortgage P&I
104%
$2,056
Property Taxes
6%
$110
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0