This property looks like a bad Long-Term investment with a projected -13.93% first-year return on $83,328 initial cash invested.
-13.93%
Cash On Cash
3.78%
Cap Rate
0.59
DSCR
$1,999
Rent
-$967
Cashflow
Cash Flow
$1,999 income − $2,966 expenses = $967 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,328
Downpayment
20%
$79,360
Closing costs
1%
$3,968
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,999
Total Expenses
$2,966
Mortgage P&I
106%
$2,117
Property Taxes
9%
$189
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0