This property looks like a bad Long-Term investment with a projected -6.17% first-year return on $83,790 initial cash invested.
-6.17%
Cash On Cash
5.77%
Cap Rate
0.87
DSCR
$2,931
Rent
-$431
Cashflow
Cash Flow
$2,931 income − $3,362 expenses = $431 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,931
Total Expenses
$3,362
Mortgage P&I
75%
$2,204
Property Taxes
9%
$255
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0