This property looks like a bad Long-Term investment with a projected -19.88% first-year return on $83,790 initial cash invested.
-19.88%
Cash On Cash
2.69%
Cap Rate
0.41
DSCR
$1,892
Rent
-$1,388
Cashflow
Cash Flow
$1,892 income − $3,280 expenses = $1,388 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
$1,892
Total Expenses
$3,280
Mortgage P&I
116%
$2,187
Property Taxes
24%
$460
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0