This property looks like a bad Long-Term investment with a projected -13.83% first-year return on $83,496 initial cash invested.
-13.83%
Cash On Cash
3.93%
Cap Rate
0.61
DSCR
$2,262
Rent
-$962
Cashflow
Cash Flow
$2,262 income − $3,224 expenses = $962 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,496
Downpayment
20%
$79,520
Closing costs
1%
$3,976
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,262
Total Expenses
$3,224
Mortgage P&I
95%
$2,152
Property Taxes
16%
$353
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0