This property looks like a bad Long-Term investment with a projected -15.2% first-year return on $83,790 initial cash invested.
-15.2%
Cash On Cash
3.62%
Cap Rate
0.56
DSCR
$2,171
Rent
-$1,061
Cashflow
Cash Flow
$2,171 income − $3,232 expenses = $1,061 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,171
Total Expenses
$3,232
Mortgage P&I
99%
$2,155
Property Taxes
17%
$372
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0