This property looks like a bad Long-Term investment with a projected -13.8% first-year return on $83,538 initial cash invested.
-13.8%
Cash On Cash
3.92%
Cap Rate
0.6
DSCR
$2,227
Rent
-$961
Cashflow
Cash Flow
$2,227 income − $3,188 expenses = $961 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,538
Downpayment
20%
$79,560
Closing costs
1%
$3,978
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,227
Total Expenses
$3,188
Mortgage P&I
96%
$2,148
Property Taxes
8%
$173
Home Insurance
6%
$140
HOA
7%
$148
Property Management
10%
$223
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0