This property looks like a bad Long-Term investment with a projected -18.52% first-year return on $83,580 initial cash invested.
-18.52%
Cash On Cash
3.05%
Cap Rate
0.46
DSCR
$1,688
Rent
-$1,290
Cashflow
Cash Flow
$1,688 income − $2,978 expenses = $1,290 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,580
Downpayment
20%
$79,600
Closing costs
1%
$3,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,688
Total Expenses
$2,978
Mortgage P&I
131%
$2,216
Property Taxes
11%
$185
Home Insurance
8%
$139
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0