This property looks like a bad Long-Term investment with a projected -16.32% first-year return on $83,832 initial cash invested.
-16.32%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$2,167
Rent
-$1,140
Cashflow
Cash Flow
$2,167 income − $3,307 expenses = $1,140 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,832
Downpayment
20%
$79,840
Closing costs
1%
$3,992
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,167
Total Expenses
$3,307
Mortgage P&I
101%
$2,184
Property Taxes
19%
$420
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0