This property looks like a bad Long-Term investment with a projected -11.7% first-year return on $83,559 initial cash invested.
-11.7%
Cash On Cash
4.29%
Cap Rate
0.67
DSCR
$2,414
Rent
-$815
Cashflow
Cash Flow
$2,414 income − $3,229 expenses = $815 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,559
Downpayment
20%
$79,580
Closing costs
1%
$3,979
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,414
Total Expenses
$3,229
Mortgage P&I
88%
$2,117
Property Taxes
14%
$344
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0