This property looks like a bad Long-Term investment with a projected -16.24% first-year return on $83,517 initial cash invested.
-16.24%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$2,337
Rent
-$1,130
Cashflow
Cash Flow
$2,337 income − $3,467 expenses = $1,130 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,517
Downpayment
20%
$79,540
Closing costs
1%
$3,977
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,337
Total Expenses
$3,467
Mortgage P&I
92%
$2,144
Property Taxes
16%
$373
Home Insurance
6%
$140
HOA
9%
$202
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0