This property looks like a bad Long-Term investment with a projected -16.87% first-year return on $83,790 initial cash invested.
-16.87%
Cash On Cash
3.39%
Cap Rate
0.51
DSCR
$2,262
Rent
-$1,178
Cashflow
Cash Flow
$2,262 income − $3,440 expenses = $1,178 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,262
Total Expenses
$3,440
Mortgage P&I
97%
$2,192
Property Taxes
23%
$520
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0