This property looks like a bad Long-Term investment with a projected -15.5% first-year return on $83,790 initial cash invested.
-15.5%
Cash On Cash
3.54%
Cap Rate
0.55
DSCR
$2,164
Rent
-$1,082
Cashflow
Cash Flow
$2,164 income − $3,246 expenses = $1,082 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,164
Total Expenses
$3,246
Mortgage P&I
99%
$2,151
Property Taxes
18%
$393
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0