This property looks like a bad Long-Term investment with a projected -14.25% first-year return on $83,790 initial cash invested.
-14.25%
Cash On Cash
3.81%
Cap Rate
0.59
DSCR
$2,338
Rent
-$995
Cashflow
Cash Flow
$2,338 income − $3,333 expenses = $995 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,338
Total Expenses
$3,333
Mortgage P&I
92%
$2,144
Property Taxes
15%
$359
Home Insurance
6%
$140
HOA
4%
$82
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0