This property looks like a bad Long-Term investment with a projected -3.42% first-year return on $83,788 initial cash invested.
-3.42%
Cash On Cash
6.39%
Cap Rate
0.96
DSCR
$3,002
Rent
-$239
Cashflow
Cash Flow
$3,002 income − $3,241 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,788
Downpayment
20%
$79,798
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,002
Total Expenses
$3,241
Mortgage P&I
74%
$2,214
Property Taxes
2%
$64
Home Insurance
5%
$140
HOA
1%
$43
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0