This property looks like a bad Long-Term investment with a projected -10.33% first-year return on $83,790 initial cash invested.
-10.33%
Cash On Cash
4.24%
Cap Rate
0.7
DSCR
$2,177
Rent
-$721
Cashflow
Cash Flow
$2,177 income − $2,898 expenses = $721 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,177
Total Expenses
$2,898
Mortgage P&I
93%
$2,023
Property Taxes
8%
$168
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0