This property looks like a bad Long-Term investment with a projected -12.85% first-year return on $83,139 initial cash invested.
-12.85%
Cash On Cash
4.27%
Cap Rate
0.65
DSCR
$2,639
Rent
-$890
Cashflow
Cash Flow
$2,639 income − $3,529 expenses = $890 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,139
Downpayment
20%
$79,180
Closing costs
1%
$3,959
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,639
Total Expenses
$3,529
Mortgage P&I
82%
$2,168
Property Taxes
16%
$424
Home Insurance
5%
$140
HOA
4%
$111
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0