This property looks like a bad Long-Term investment with a projected -15.6% first-year return on $83,160 initial cash invested.
-15.6%
Cash On Cash
3.74%
Cap Rate
0.57
DSCR
$2,696
Rent
-$1,081
Cashflow
Cash Flow
$2,696 income − $3,777 expenses = $1,081 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,160
Downpayment
20%
$79,200
Closing costs
1%
$3,960
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,696
Total Expenses
$3,777
Mortgage P&I
81%
$2,181
Property Taxes
27%
$723
Home Insurance
5%
$140
HOA
1%
$31
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0