This property looks like a bad Long-Term investment with a projected -12.15% first-year return on $83,349 initial cash invested.
-12.15%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$2,666
Rent
-$844
Cashflow
Cash Flow
$2,666 income − $3,510 expenses = $844 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,349
Downpayment
20%
$79,380
Closing costs
1%
$3,969
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,666
Total Expenses
$3,510
Mortgage P&I
82%
$2,198
Property Taxes
18%
$479
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0