This property looks like a bad Long-Term investment with a projected -20.29% first-year return on $83,685 initial cash invested.
-20.29%
Cash On Cash
2.13%
Cap Rate
0.35
DSCR
$1,548
Rent
-$1,415
Cashflow
Cash Flow
$1,548 income − $2,963 expenses = $1,415 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,685
Downpayment
20%
$79,700
Closing costs
1%
$3,985
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,548
Total Expenses
$2,963
Mortgage P&I
132%
$2,046
Property Taxes
24%
$370
Home Insurance
9%
$145
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0