This property looks like a bad Long-Term investment with a projected -17.17% first-year return on $83,286 initial cash invested.
-17.17%
Cash On Cash
3.09%
Cap Rate
0.48
DSCR
$1,894
Rent
-$1,192
Cashflow
Cash Flow
$1,894 income − $3,086 expenses = $1,192 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,894
Total Expenses
$3,086
Mortgage P&I
112%
$2,119
Property Taxes
16%
$311
Home Insurance
9%
$163
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0