This property looks like a bad Long-Term investment with a projected -14.09% first-year return on $83,097 initial cash invested.
-14.09%
Cash On Cash
4.06%
Cap Rate
0.61
DSCR
$2,099
Rent
-$976
Cashflow
Cash Flow
$2,099 income − $3,075 expenses = $976 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,097
Downpayment
20%
$79,140
Closing costs
1%
$3,957
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,099
Total Expenses
$3,075
Mortgage P&I
105%
$2,211
Property Taxes
8%
$174
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0