This property looks like a bad Long-Term investment with a projected -7.12% first-year return on $83,580 initial cash invested.
-7.12%
Cash On Cash
5.01%
Cap Rate
0.82
DSCR
$2,738
Rent
-$496
Cashflow
Cash Flow
$2,738 income − $3,234 expenses = $496 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,580
Downpayment
20%
$79,600
Closing costs
1%
$3,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,738
Total Expenses
$3,234
Mortgage P&I
74%
$2,022
Property Taxes
12%
$342
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0