This property looks like a bad Long-Term investment with a projected -13.42% first-year return on $83,790 initial cash invested.
-13.42%
Cash On Cash
4.03%
Cap Rate
0.62
DSCR
$2,318
Rent
-$937
Cashflow
Cash Flow
$2,318 income − $3,255 expenses = $937 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
$2,318
Total Expenses
$3,255
Mortgage P&I
93%
$2,160
Property Taxes
15%
$352
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0