This property looks like a bad Long-Term investment with a projected -10.75% first-year return on $83,349 initial cash invested.
-10.75%
Cash On Cash
4.56%
Cap Rate
0.71
DSCR
$2,349
Rent
-$747
Cashflow
Cash Flow
$2,349 income − $3,096 expenses = $747 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,349
Total Expenses
$3,096
Mortgage P&I
91%
$2,139
Property Taxes
9%
$206
Home Insurance
6%
$139
HOA
0%
$2
Property Management
10%
$235
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0