This property looks like a bad Long-Term investment with a projected -12.28% first-year return on $83,559 initial cash invested.
-12.28%
Cash On Cash
4.51%
Cap Rate
0.68
DSCR
$2,869
Rent
-$855
Cashflow
Cash Flow
$2,869 income − $3,724 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,559
Downpayment
20%
$79,580
Closing costs
1%
$3,979
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,869
Total Expenses
$3,724
Mortgage P&I
77%
$2,207
Property Taxes
22%
$635
Home Insurance
5%
$137
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0