This property looks like a bad Long-Term investment with a projected -14.29% first-year return on $83,790 initial cash invested.
-14.29%
Cash On Cash
3.9%
Cap Rate
0.59
DSCR
$2,188
Rent
-$998
Cashflow
Cash Flow
$2,188 income − $3,186 expenses = $998 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,188
Total Expenses
$3,186
Mortgage P&I
100%
$2,186
Property Taxes
13%
$292
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0