This property looks like a bad Long-Term investment with a projected -10.64% first-year return on $83,790 initial cash invested.
-10.64%
Cash On Cash
4.66%
Cap Rate
0.71
DSCR
$2,270
Rent
-$743
Cashflow
Cash Flow
$2,270 income − $3,013 expenses = $743 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
$2,270
Total Expenses
$3,013
Mortgage P&I
96%
$2,180
Property Taxes
4%
$102
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0