This property looks like a bad Long-Term investment with a projected -14.41% first-year return on $83,286 initial cash invested.
-14.41%
Cash On Cash
3.95%
Cap Rate
0.59
DSCR
$1,910
Rent
-$1,000
Cashflow
Cash Flow
$1,910 income − $2,910 expenses = $1,000 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,286
Downpayment
20%
$79,320
Closing costs
1%
$3,966
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,910
Total Expenses
$2,910
Mortgage P&I
116%
$2,209
Property Taxes
3%
$61
Home Insurance
7%
$142
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0