This property looks like a bad Long-Term investment with a projected -12.5% first-year return on $83,391 initial cash invested.
-12.5%
Cash On Cash
4.2%
Cap Rate
0.65
DSCR
$2,384
Rent
-$869
Cashflow
Cash Flow
$2,384 income − $3,253 expenses = $869 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,391
Downpayment
20%
$79,420
Closing costs
1%
$3,971
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,384
Total Expenses
$3,253
Mortgage P&I
90%
$2,140
Property Taxes
15%
$356
Home Insurance
6%
$138
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0