This property looks like a bad Long-Term investment with a projected -12.68% first-year return on $83,265 initial cash invested.
-12.68%
Cash On Cash
4.07%
Cap Rate
0.64
DSCR
$2,261
Rent
-$880
Cashflow
Cash Flow
$2,261 income − $3,141 expenses = $880 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,265
Downpayment
20%
$79,300
Closing costs
1%
$3,965
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,261
Total Expenses
$3,141
Mortgage P&I
93%
$2,113
Property Taxes
13%
$284
Home Insurance
7%
$156
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0