This property looks like a bad Long-Term investment with a projected -15.68% first-year return on $83,496 initial cash invested.
-15.68%
Cash On Cash
3.26%
Cap Rate
0.53
DSCR
$2,838
Rent
-$1,091
Cashflow
Cash Flow
$2,838 income − $3,929 expenses = $1,091 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,496
Downpayment
20%
$79,520
Closing costs
1%
$3,976
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,838
Total Expenses
$3,929
Mortgage P&I
71%
$2,029
Property Taxes
36%
$1,020
Home Insurance
5%
$142
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0