This property looks like a bad Long-Term investment with a projected -11.67% first-year return on $83,790 initial cash invested.
-11.67%
Cash On Cash
4.52%
Cap Rate
0.68
DSCR
$2,353
Rent
-$815
Cashflow
Cash Flow
$2,353 income − $3,168 expenses = $815 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,790
Downpayment
20%
$79,800
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,353
Total Expenses
$3,168
Mortgage P&I
93%
$2,199
Property Taxes
9%
$217
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0