This property looks like a bad Long-Term investment with a projected -17.46% first-year return on $83,370 initial cash invested.
-17.46%
Cash On Cash
3.03%
Cap Rate
0.47
DSCR
$1,884
Rent
-$1,213
Cashflow
Cash Flow
$1,884 income − $3,097 expenses = $1,213 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,370
Downpayment
20%
$79,400
Closing costs
1%
$3,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,884
Total Expenses
$3,097
Mortgage P&I
113%
$2,122
Property Taxes
18%
$337
Home Insurance
8%
$149
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0